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Which department checks bitcoin?
People's Bank of China, Central Network Information Office, the Supreme People's Court, the Supreme People's Procuratorate, Ministry of Industry and Information Technology, Ministry of Public Security, General Administration of Market Supervision, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange.

The main features of virtual currencies such as Bitcoin, Ethereum and TEDA are that they are issued by non-monetary authorities and exist in digital form by using encryption technology and distributed accounts or similar technologies. They have no legal compensation and should not and cannot be circulated in the market as money. Virtual currency related business activities are illegal financial activities. Legal tender and virtual currency exchange business, virtual currency exchange business, buying and selling virtual currency as a central counterparty, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, virtual currency derivatives trading and other virtual currency-related business activities are strictly prohibited, and illegal financial activities such as illegal sale of token certificates, unauthorized public issuance of securities, illegal futures business and illegal fund-raising are resolutely banned according to law. If carrying out relevant illegal financial activities constitutes a crime, criminal responsibility shall be investigated according to law.