The People’s Bank of China announced in its official press release on Monday that it recently interviewed five banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank of China, Post and Reserve Bank of China and Industrial Bank of China, as well as Alipay, a third-party payment company under Ant Group, to comprehensively investigate and identify the fund accounts of virtual currency exchanges and over-the-counter dealers, and promptly cut off the payment chain of transaction funds; effectively fulfill the obligations of customer identification, and not to provide The company is also required to effectively fulfill its customer identification obligations and not to provide products or services such as account opening, registration, trading, clearing and settlement for related activities.
After Inner Mongolia and Qinghai, Sichuan, one of China’s major bitcoin mining provinces, also issued a notice on Friday to clean up and shut down virtual currency “mining”, complete the screening and shutdown of key targets and carry out self-examination and self-correction of power generation enterprises.
The Chinese central bank said in a press release that the institutions also stated that they will attach great importance to this work, in accordance with the relevant requirements of the central bank, do not carry out, do not participate in virtual currency-related business activities, further increase the investigation and disposal efforts, and take strict measures to resolutely cut off the capital payment chain of virtual currency trading speculation activities.
Reuters noted that the impact of the above news from China’s central bank, bitcoin once fell more than 8% on the day, the price down through $32,500. And the official website of Agricultural Bank of China said earlier on Monday that the bank will never carry out or participate in any business activities related to virtual currencies, prohibit access to customers involved in virtual currency transactions, and will increase its efforts to investigate and monitor customers and fund transactions. However, the statement was later removed from the official website.