The people's Bank of China and other departments have made it clear that the business activities related to virtual currency belong to illegal financial activities. If they provide marketing publicity for overseas virtual currency exchanges, they shall be investigated for responsibility according to law. However, the "Xinhua viewpoint" reporter recently found that some websites are still advocating for virtual currency marketing. Such websites not only hype the virtual currency market in the name of "blockchain" and "meta universe", but also publish articles, tutorials, organize activities and live roadshows to guide the marketing of various overseas virtual currencies. Under the crackdown, the promotion of virtual currency is still active "Since the high-pressure crackdown on the speculation of virtual currency trading in 2017, China's domestic virtual currency trading and distribution platforms have been cleaned up and banned, but many websites and we media related to virtual currency are still active," said Liu Bin, director of the financial and Shipping Research Office of Shanghai Pudong reform and development Research Institute. In addition to publishing the progress of blockchain industry on the home page, many other contents actively planned and reproduced on such websites are related to the recommendation of virtual currency: —— "Project" collects information of various virtual currency projects around the world. Some use a collection of "game" introductory tutorials to list all kinds of virtual currency projects, and some directly publish tutorials on cross-border trading of virtual currency, and "hand-in-hand" teach netizens to fry money; —— "Activity", which releases a notice for the exchange activities of the virtual currency project and provides an online registration window; —— "Live broadcast", especially the "live broadcast" of APP version, regularly holds roadshows for various virtual currency projects, and the project leader delivers online lectures; —— "Famous column" is the gathering place of "money circle leaders", and publicly publishes articles on virtual currency speculation. Collect money for publishing and release marketing information related to virtual currency According to the reporter, some websites related to virtual currency receive money for publishing, and spend money to make the marketing information related to virtual currency appear on the relevant platforms without marking "advertising" and "promotion". The price varies according to different platforms, ranging from tens of yuan cheap to tens of thousands of Yuan expensive. 9000 yuan is displayed on the home page and 3000 yuan is displayed on the non home page. This is a press quotation given to reporters by staff of relevant websites of an active virtual currency, and "the price will change with the market. Please confirm the price in advance before placing an order". XX "is a totally decentralized virtual space meta universe + NFT project owned by the community. The digital assets of the blockchain are confirmed. Through double chain review, the contract address of coin an + fire coin is 0xff..." this is a paid promotion sample displayed by the publishing agency to reporters. It can be published on multiple platforms at a cost of hundreds of yuan. In addition, the reporter found that some websites have currency circle capital behind them, which has a deeper interest relationship with the virtual currency platform. In September this year, in view of the rise of speculation in virtual currency transactions, the people's Bank of China and other ten departments issued the notice on further preventing and disposing of speculation risks in virtual currency transactions, which made it clear that business activities related to virtual currency belong to illegal financial activities. The domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, non legal persons and natural persons who know or should know that they are engaged in virtual currency related business and still provide them with marketing publicity, payment and settlement, technical support and other services, shall be investigated for relevant responsibilities according to law. "As long as the Internet platform recommends virtual currency, it can be determined that it is illegal," said Deng Jianpeng, a professor at the Law School of the Central University of Finance and economics. Increase the whole chain supervision Industry insiders said that the reason why many websites take risks is mainly due to the various forms of playing marginal ball, limited regulatory resources and low cost of violations. According to the relevant person in charge of the people's Bank of China, in order to build a multi-dimensional and multi-level virtual currency trading speculation risk prevention and disposal system, the financial management department, the Internet Information Department, the competent telecommunications department, the public security department and the market supervision department cooperate closely to cut off the payment channel, dispose of relevant websites and mobile applications according to law Comprehensive measures shall be taken to strengthen the registration and advertising management of relevant market subjects, and crack down on illegal and criminal acts such as relevant illegal financial activities according to law. Mao Lingling, director of the financial supervision and criminal governance research center of East China University of political science and law, said that the speculation of virtual currency trading disrupted the economic and financial order. At present, China supervises the whole chain activities of virtual currency. The market supervision department shall, together with the financial management department, strengthen the supervision of advertisements related to virtual currency according to law, and timely investigate and deal with relevant illegal advertisements. In addition to increasing efforts to consolidate websites for virtual currency marketing, some respondents said that virtual currency trading and distribution platforms were outside, which challenges the radical currency related activities. Therefore, it is very important to further block the landing of foreign virtual currencies in China, including official account of WeChat public numbers and micro-blog. (reporter Dong Xue) (outlook new era)