On the evening of the 18th, the China Internet Finance Association, the China Banking Association, and the China Payment and Clearing Association issued the “Announcement on Preventing the Risk of Virtual Currency Transaction Hype”, reiterating that Bitcoin and other virtual currencies are a specific virtual commodity and should not and cannot be used as Currency is circulated and used in the market. At the same time, member units such as financial institutions and payment institutions are required not to carry out virtual currency-related businesses. Several interviewees analyzed to the “Science and Technology Innovation Board Daily” reporters that the three major associations issued an announcement on preventing speculation risks, which may cut off the infrastructure for frequent virtual currency transactions of domestic residents, and play a positive role in controlling mainland residents’ speculation. Control effect. At the same time, it also shows that in the past few years, my country’s regulatory attitude towards strict restrictions on virtual currencies has remained clear, and the industry will be rectified again or in the future.