Economic Daily: Be cautious about virtual currency investment

The Economic Daily published an article titled "Be Cautious About Virtual Currency Investment" pointing out that in recent times, the "currency circle" has encountered another wave of earthquakes. Bitcoin has fallen continuously, from more than $70,000 at the end of July to around $58,000 on August 16. In particular, on August 5, Bitcoin once fell below $50,000, hitting a new low in the past year, with a daily decline of 15%. More than 270,000 people were liquidated, and the total amount of liquidation exceeded $1 billion. my country has always maintained a strict regulatory posture on virtual currencies. Previously, the People's Bank of China and other departments have repeatedly issued notices on preventing and dealing with the risks of virtual currency trading speculation, clarifying that virtual currencies do not have the same legal status as legal currencies, and virtual currency-related business activities are illegal financial activities. Since the beginning of this year, regulatory authorities in many places have successively reminded of risks. Please be vigilant to the general public, stay away from "virtual currency" trading speculation, illegal fundraising and other illegal financial activities, be careful to prevent personal property losses, and if you participate in them, you should withdraw as soon as possible. (Jinshi)