[report] net Beijing on September 14th news (Daily News) China Internet Finance Association today issued "on the prevention of bitcoin and other so-called" virtual currency "risk" that, in recent years, bitcoin, Wright coins and various tokens such as so-called "virtual currency" for centralized trading in some Internet platform, involving the number gradually expand the financial and social risks which can not be ignored. In order to help the public understand correctly the so-called "virtual currency" such as bitcoin, and recognize the risks of investment and protect their rights and interests, the following risks are indicated as follows:

The so-called "virtual currency bitcoin" lack of clear value basis, market speculation atmosphere, price volatility, investors blindly follow the trend of speculation, causing financial losses, investors need to strengthen the awareness of risk prevention. It is worth noting that the so-called "virtual currency bitcoin has become a money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, investors should be vigilant, find clues to the criminal activities should be reported immediately.

Bitcoin investors through the so-called "virtual currency trading platform to participate in speculation, facing the risk of price fluctuations, safety risk, and the platform technology risk is higher, the international has multi trading platform hacking theft, investors should bear the investment risk from the bank. Criminals often use the so-called "virtual currency trading platform to get to engage in illegal activities, the law there is a big risk, the recent massive trading platform for supporting the financing issue token (ICO) has been halted regulatory authorities. All kinds of so-called "currency" trading platform in our country there is no legal basis for the establishment.

Chinese Internet Finance Association called for: each member of the unit should fulfill the industry self-discipline commitment, strictly abide by the provisions of the state laws and regulations, not to participate in any transaction with the so-called "virtual currency" or provide services for such transactions, actively resist any illegal financial activities.