Leadership Group for Mutual Gold Remediation and Online Loan Remediation: Strengthening the Risk Monitoring of Virtual Currency Speculation

According to the Shanghai Securities News, the Mutual Gold Remediation Leading Group and the Online Loan Remediation Leading Group jointly held a video and teleconference on the special remediation of Internet finance and online lending risks. The meeting emphasized the strengthening of Internet asset management, speculation in virtual currency speculation, illegal foreign exchange transactions and other new areas of risk monitoring, the establishment of rapid research and judgment, qualitative and disposal crackdown mechanism, always maintain a high pressure situation to prevent resurgence. Relevant departments in various places should conscientiously sum up the experience and lessons of Internet finance and online loan risk rectification, and fully implement the overall requirement of “financial business must be licensed to operate”.