[Direct Report Network Beijing July 4] (New Beijing News)Recently, Zou Shibin, deputy inspector of the Municipal Financial Supervision and Administration, said, "Recently, some outlaws borrowed money from the government of Xicheng District, which sponsored the centralized propaganda campaign of"jointly building a network and jointly preventing and curbing Financial Street in action"organized by the Joint Inter-ministerial Meeting Office for the Disposal of Illegal Fund-raising, the Beijing Local Financial Supervision and Administration and the Xicheng People's Government The essence of international hype about the fluctuation of virtual currency price is to use the concept of block chain to conduct illegal fund-raising, pyramid selling and fraud. We should pay full attention to the possible overlapping effect and amplification effect of such risks.

This is a critical moment in the fight against illegal fund-raising. Reporters learned that the Beijing Municipal Committee and the Municipal Government attach great importance to preventing and combating illegal fund-raising, and have launched a special rectification action in the city suspected of illegal fund-raising, with "zero tolerance" for illegal fund-raising.

Zou Shibin believes that the financial risks in the capital are generally controllable, but he also tells reporters in the Beijing News that there are some outstanding problems at present, such as the financial chaos on the Internet and the illegal operation of investment trading places. In his view, all of these have brought a lot of hidden dangers to the financial order of the capital. Risk prevention in the financial field has a long way to go.

"Particularly noteworthy is that in recent years, some illegal elements, taking advantage of the fluctuation of the price of virtual currency in the international arena, have publicized and hyped widely. Their essence is to use the concepts of `financial innovation', `block chain', and so on, to conduct illegal fund-raising, pyramid selling and fraud. We should pay full attention to the possible overlapping effect and amplification effect of these risks. Should." Beijing's financial regulatory authorities have warned in particular.

First Financial News June 28, Bitcoin's trading price soared 39% on Monday (June 24), to $13852, the highest level since January 2018. But it was blocked around 04:30 a.m. on Wednesday, June 26, Beijing time, and plunged more than $1,800 in about 10 minutes. As of June 28, about 9:30, the Asia-Pacific Morning Price was $11509.

It is reported that the campaign of "jointly building a network and preventing and curbing Financial Street in action" focused on the new features of illegal fund-raising "cross-border access to the Internet", combined with the results of the special struggle against black and evil in the financial field, and exposed the common means of illegal fund-raising to the masses. A total of 18 units from financial supervision departments, government departments, trade associations and financial institutions participated in the centralized propaganda activities.