Bitcoin Has Been Shocked By The Collapse Of Supervision Is Approaching.

< p > "we want to be supervised, but there is no regulatory department to contact us.

In April 28th, we received a telephone call from the customer manager of China Merchants Bank, asking us to go to the merchants bank outlets.

China's largest bitcoin trading platform bitcoin China CEO Li Qiyuan said.

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< p > since April 2nd, almost all bitcoin trading platforms in China have received the notification from the bank as bitcoin China.

According to Caixin net, the central bank issued a notice on the further strengthening of bitcoin risk prevention work to central bank branches in mid March, which requires banks and third party payment institutions to close all the trading accounts of more than 10 bitcoin platforms in the country.

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< p > the above notice requires all commercial banks and third party payment institutions to close all accounts of these platforms, with a deadline of April 15th, which is also known as the "415 deadline" by the industry.

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< p > Li Qiyuan said that bitcoin China has never received notice from Caixin internet report, nor has any regulatory department communicated with them.

According to his understanding, the only red paper on bitcoin regulation is the notice issued by the central bank in December last year to prevent the risk of bitcoin.

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< p > a senior person in bitcoin industry told Sina Technology. As of May 1st, almost all bitcoin platforms in China had received notice from banks and stopped the recharge of bank card channels.

"This is equivalent to a baby being cut off and going into shock at once.

It is either to explore other non normal channels to recharge, or to wait for the platform's money to be slowly lifted up and then die. "

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< p > in fact, FXBTC is also the first bitcoin platform to announce the receipt of bank account notification.

In April 2nd, FXBTC issued a notice announcing that the central bank issued a notice requiring that no commercial bank and third party payment institution provide liquidation services for bitcoin and other businesses, and close all the funds interconnected accounts of all bitcoin related websites.

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< p > when users questioned, the urgent notice issued by FXBTC may lie and deliberately exaggerate the extent of the impact. Closing the bank account may be due to FXBTC's personal reasons.

FXBTC quickly responded and denied lying, saying that the bank received a three Party administrative document, which was to close the account in accordance with the administrative order.

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< p > Sina Technology understands from a FXBTC rights group that FXBTC has issued a notice before closing, saying the website will be open to May 10th, requiring users to put forward cash or bitcoin before the time, but in May 9th, FXBTC has been unable to visit. Many users have not had time to withdraw money and coins, involving hundreds of thousands of yuan.

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< p > Sina technology has been linked with a staff member claiming to be FXBTC. He told Sina Technology a statement that "because of the recent central bank policy, we are under unprecedented pressure, including failure to refinance cash, lead to inability to operate normally, and make decisions difficult.

Faced with the central bank's long-term blockade, at present we can do nothing. After a long period of losses, we finally decided to stop operating FXBTC.

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< p >, however, the above mentioned personnel do not agree with the problem of cash withdrawals.

By the end of the press release, Sina Technology was unable to contact FXBTC's official customer service and legal representative, Cai Dunhuang.

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< p > a senior source of bitcoin industry revealed that in addition to FXBTC, there is also an exchange called "bitcoin" recently closed. With the suspension of banking channels, many small trading platforms are struggling and exist in name only.

He predicts that the bitcoin trading platform will encounter a collapse. Users will worry about the safety of funds and the users of small platforms will be quickly lost.

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< p > cash recharge is the most troublesome problem. Users should pay cash to the office location of the bitcoin trading website, and the recharge code is the most used.

The official said that they had prepared the recharge code before they received the bank notice, and the bank card channel stopped immediately.

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< p > however, the recharge code channel has the same risk as the bank recharge channel, and may be stopped at any time.

According to the notice issued by the central bank in December last year on guarding against bitcoin risks, financial institutions and Payment institutions should not buy or sell bitcoins as central rivals, nor directly or indirectly provide other services related to bitcoin for their customers.

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< p > Sina Technology sees from bitcoin Chinese official recharge page. They provide users with 10 ways to buy recharge codes, but 6 of them are traded through Taobao networks.

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< p > Alipay issued a notice as early as April 25th, requiring no organization or individual to use Alipay to refinance and cash pactions for bitcoin pactions, purchase and sell relevant recharge codes, etc., and may not pfer relevant paction funds through Alipay services.

Once discovered, Alipay has the right to stop the related services immediately.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Alipay < /a > indicates that the online store that sells bitcoin trading platform recharge codes is being checked up and will be banned after verification.

Sina technology used "bitcoin recharge code" and other keywords from Taobao search to get the result of 0.

But bitcoin China's recharge channels all use the "recharge platform security and convenience to account 1000 yuan" and other obscure claims, evading the keyword monitoring of Taobao platform.

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< p > the fire money net simply pfers the recharge to the QQ. On the official page, there are two agents. Sina Technology connects with a "gold certification" agent named "currency letter". He tells sina that the way to recharge the technology is "to remit to the designated account, to fill the UID in the postscript, and to give the user the card number and password after receiving the money, and the user can click the recharge card to recharge it."

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< p > "bitcoin platform is not only the trading platform, but also the biggest player.

They can control the price of the platform accurately by buying and selling large sums of money. "

Tang Tu said that Chinese and foreign bitcoin exchanges would produce instantaneous price differences when trading. Trading platforms often use high-frequency trading, and domestic prices are low, and they are sold from abroad at home. Foreign prices are low, and domestic prices are sold abroad, earning small differences through instant trading.

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< p > < a href= "http://www.91se91.com/news/index_c.asp > > Tang Tu < /a > indicates that" the large bitcoin platform will open the API interface, and use these API to complete hundreds of pactions per second.

However, the bitcoin platform will shift the responsibility to users, saying that some users are using API for high-frequency trading, in fact, they are the biggest high-frequency traders themselves.

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< p > "worse" is that some platforms help people to carry out < a href= "http://www.91se91.com/news/index_c.asp" > overseas assets < /a > pfer or money laundering. The industry is called "moving bricks".

They first convert their money into bitcoins and then pfer them to overseas bitcoin exchanges for withdrawals.

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"P >" because the price of bitcoin exchanges between China and foreign countries is different, they can look for opportunities to buy coins at low prices in the country, and then sell them abroad for a high price.

The whole process can earn two times, one is the difference of bitcoin, one is pfer fee, and the other is not losing money.

Tang Tu said.

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< p > however, the "currency letter" to Sina Technology is a private bank card number, rather than the company account number.

A senior bitcoin investor told sina science and technology that the way to recharge private bank cards is now everywhere on large platforms. This way allows money to stay away from companies, not only to avoid tax, but also to completely escape regulation.

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