Recently, the German finance minister Peter Altmar and French finance minister Bruno Lemerre held a joint press conference in Paris, said it will jointly promote global supervision of bitcoin in Argentina this year at the summit of the group of twenty nations, will be warned that the world's most popular currency is the illegal use of group encryption.
Since last year, the global scope of illegal mining, encryption currency trading and use case currency markets emerge in an endless stream, encryption is not perfect and the risk has become increasingly prominent. Recently, multinational financial regulators have been introduced to strengthen the supervision of the encryption of monetary policy, crypto currency prices plummeted.
Bitcoin market exploded
Different from the traditional currency, bitcoin is actually an encrypted data block chain based on technology. Since last year, the global scope of crypto currency prices continued to rise, especially in December last year, the first bitcoin futures trading products in the United States officially spawned a worldwide digital encryption currency investment boom, a number of digital encryption currency trading volume and transaction prices soared. Crypto currency representatives -- bitcoin prices soared more than ten times within a year, the market value was more than Disney, general electric and other well-known listed companies.
"Crazy" bitcoin become the new darling of investors, the Internet has become the hardest hit by hackers rampant.
Bitcoin is not affected by the characteristics of government control, it is difficult to track the relative anonymity, based in recent years has repeatedly exposed the zombie virus, malicious transaction mining and illegal profits case. At the same time, hacker attacks occur frequently, bitcoin prices plummeted, investor protection is still in the regulatory vacuum.
Who crypto currency regulation and oversight, as problems of governments. At present, encryption currency transactions anonymous, harder to collect statistical data to monitor its operation; encryption for cross-border currency trading, countries also lack of effective means of supervision; there is a conflict to the center of the regulatory framework and the current encryption currency is the center, brings new difficulties to supervision.
Recently, the U.S. Securities and Exchange Commission (SEC) Investment Management Director Blass published an open letter, cited several reasons SEC repeatedly rejected digital encryption currency exchange traded funds, including valuation risk, lack of liquidity, arbitrage risk is difficult to avoid, the potential market manipulation and fraud risk.
At present only in Tunisia, Senegal and other countries issued a digital encryption technology based on currency currency, Poland and other countries are also actively trying to develop national encryption currency, but the attitude of most countries still insist on crypto currency strict supervision, formulated and issued a policy to strengthen the supervision of some.
National regulatory policies
加密货币市场在全球范围内面临监管的持续高压，世界各国政府正在探索适合本国国情的加密货币交易监管模式。
Ban the Nordic region's largest bank nordea bank before asking employees to stop bitcoin and other encryption currency transactions from February 28th this year; India tax department said in January 22nd in a national survey shows that India 17 months of encryption currency transactions worth more than $3 billion 500 million after tax notice sent to hundreds of thousands of people in Korea; financial regulators, since January 30th, will prohibit the use of anonymous bank accounts for encryption currency trading.
Strict supervision, the effect is obvious. Not long ago, the international stock market bitcoin prices plummeted nearly 2000 dollars a day. In December 2017 the price of bitcoin rushed to the peak of $20 thousand, the current dropped to around $11 thousand. More and more people in the industry believe that bitcoin may become the next economic bubble.
Nobel laureate Robert Schiller said bitcoin phenomenon as the history of the famous "tulip mania", "big ending may be completely collapsed and forgotten".
“假如比特币价格在未来一年跌至1000美元至3000美元，我不会感到意外。” The United States Berkeley financial group chief investment officer Peter Booker Wa said, with the rise in global interest rates, money will follow the collapse of encryption. The Fed's loose monetary policy and other institutions to alleviate the impact of the global financial crisis and resorted to, should be responsible for encryption currency boom.
The international community is also discussed, due to the large number of traditional investors and financial institutions involved in bitcoin bitcoin transactions, once the bubble burst, it will lead to systemic financial risk. Experts said that the current national measures are also looking for their acceptable strength and mode, can not only strengthen the supervision and risk aversion.
The international community should enhance policy coordination
In the face of all measures, encryption currency trading platform play hamster game, looking for living space in the world.
Recently, Poland has attracted more and more attention to the encryption currency trading company, bitcoin transactions active in Poland zloty currency last year ranked fifth, contrary to many people's expectations. "The government of Poland actively promote the development of the virtual currency, Poland's financial system of encryption currency tolerant than other Western European countries is relatively high." In Poland engaged in encryption currency trading investors Que A Dick told reporters.
“当前各国在出台对加密货币的监管政策时整体比较审慎，一方面是担心扼杀相关的技术环境，另一方面又担心产生金融风险，各国出台的政策也是有紧有松，给比特币监管带来了新的难题，因此针对加密货币的监管还需要全球性协调和合作。” Commercial Law Institute of Renmin University of China professor Liu Junhai said.
Supervision of bitcoin is likely to become a new issue in this year's group of twenty summit. Lemerre has repeatedly said that he would propose to discuss bitcoin problems in the group of twenty summit, the speculative risk, members need to discuss the regulation of bitcoin. US Treasury Secretary Mnuchin recently also said that he will group with twenty countries, to prevent other encryption currency bitcoin become the digital equivalent of anonymous Swiss bank accounts.
Experts suggest that the group of twenty and the international financial institutions should speed up the development of relevant principles and guidelines, and follow the case for countries to establish coordinated regulatory policies. At the same time to achieve a global collaboration in the aspect of supervision, combating illegal currency trading and encryption.