As a virtual currency, bitcoin has a very small global circulation. Yesterday, bitcoin rose again. This is more than a month of bitcoin's rise in a row, and the continuous good news from the international community makes this round of rise look like it's not over yet.
Data shows that at around 9:30 yesterday, bitfinex bitcoin's price was as high as 2310 US dollars, equivalent to about 15922 yuan; bitcoin's price also broke through 15000 yuan integer level, approaching 16000 yuan at the highest, so far, domestic bitcoin's price doubled again, with an increase of 115% in the past 30 days.
First, bitcoin is not issued by the monetary authority, does not have the monetary attributes of compensation and coercion, and is not a real currency. When it comes to this, we have to compare the properties of bitcoin with that of currency. Take bitcoin as an example. It belongs to a virtual asset of the network and has no specific issuing institution. However, bitcoin is calculated by network nodes. In contrast, money is a commodity which is separated from commodities and acts as a general equivalent. As a result, bitcoin cannot replace the traditional currency. Today, management has made it clear that bitcoin is not the real currency, that is, they have denied the currency status of bitcoin.
Second, bitcoin website effectively performs the legal anti money laundering obligations such as customer identification and suspicious transaction report, and effectively prevents the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, the corresponding regulatory risk of bitcoin is hard to guess. With the rapid development of bitcoin's global influence, it has gradually become a place for some illegal elements to conduct money laundering and other illegal acts. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin.
Third, financial institutions and Payment institutions shall not carry out business related to bitcoin, price products or services with bitcoin, or buy or sell bitcoin as a central counterparty. In essence, management can prevent a series of unpredictable problems by blocking bitcoin related businesses of financial institutions. Of course, the move is to a greater extent considered at the national strategic level.