Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. The so-called consensus mechanism is a mathematical algorithm that realizes the establishment of trust between different nodes and the acquisition of rights and interests in the blockchain system.
Blockchain is the underlying technology of Bitcoin, like a database ledger that records all transaction records. This technology has gradually attracted the attention of the banking and financial industry due to its safe and convenient features.
Bitcoin (Bitcoin: Bit Gold) was originally a network virtual currency that could buy real-life items. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used by some criminals as a money laundering tool. . In 2013, the U.S. government recognized the legal status of Bitcoin, causing the price of Bitcoin to skyrocket. In China, on November 19, 2013, one bitcoin was worth 6,989 yuan .
On January 7, 2014, Taobao issued an announcement, announcing that the sale of bitcoin, Litecoin and other Internet virtual currencies and other commodities will be banned from January 14 . On February 26, 2014, Democratic Senator Joe Manchin (Joe Manchin) of West Virginia issued an open letter to various regulatory agencies of the U.S. federal government , hoping that the relevant agencies can take action on the status quo of Bitcoin encouraging illegal activities and disrupting the financial order. Pay attention and demand that action be taken as soon as possible to completely block the electronic currency. On January 11, 2017), the Shanghai Headquarters of the People's Bank of China , the Shanghai Financial Office, etc. carried out on-site inspections on Bitcoin China, focusing on checking whether the company has carried out credit, payment, exchange and other related businesses without a license or license; anti-money laundering The implementation of the system; hidden dangers of financial security, etc. On January 12, 2017, the central bank's business management department also stationed in Beijing, "Huobi.com", "Bixing" and other trading platforms.
On May 12, 2017, the global sudden Bitcoin virus attacked public and commercial systems! Nearly 74 countries around the world have been severely attacked!
From August 1, 2017, the global bitcoin trading platform will suspend deposit and withdrawal services. Bitcoin China digital asset trading platform will stop the registration of new users from September 14th, and the digital asset trading platform will stop all trading operations on September 30th.