The People's Bank of China has recommended creating a system to track crypto transactions
According to the Chinese Central Bank, virtual assets pose increasing challenges to the sovereignty of national currencies
26.11.2021 - 10:25
356
1 min
0
What’s new? Gou Wenjun, Director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China, has offered to create a cryptocurrency transaction tracking system. This is reported by the local media.
Why did the official come up with such an idea? According to Gou Wenjun, virtual assets pose increasing challenges to the sovereignty of national currencies. A tracking system is therefore one of the measures to strengthen the regulation of the cryptocurrency market.
“We should maintain a consistently high level of vigilance, look at the evolution of virtual assets and the development of underlying technologies objectively and neutrally,” the Chinese official pointed out.
How will the system work? Gou Wenjun said that as part of the system's functioning, it is proposed to clarify the non-financial attributes of virtual assets. The official also suggests monitoring addresses using artificial intelligence, machine learning, and other technologies to identify real account owners.
In addition, Wenjun recommended strengthening cooperation and information exchange with foreign financial intelligence agencies.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 800
BTC
+1.18%
-
Ethereum
$3 352.75
ETH
+1.5%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.48
XRP
+31.38%
-
Dogecoin
$0.395643
DOGE
+1.95%
-
Cardano
$0.919944
ADA
+14.47%
-
Bitcoin Cash
$489.39
BCH
-2.21%
-
Stellar XLM
$0.301883
XLM
+24.2%
-
Polkadot
$6.22
DOT
+4.85%
-
Litecoin
$91.11
LTC
+0.72%