A Research On The Supervision And Regulation Of Digital Currency Trading Platform In China

With the continuous innovation of information technology and Internet technology,electronic payment has become a common way of life.The shift in people's way of payment has contributed to the transformation of money,which into electronic and digitizing.The digital currency,represented by bitcoin,has developed rapidly since its birth,and its family members have been increasing,and the value of the currency has been increasing,which has many influences on China's financial system.As a carrier of digital money trading,the digital currency trading platform provides an effective way for the digital currency regulation.So the regulation of the digital currency trading platform is important to maintain the stability of the financial system.At present in China,the regulation of digital money is not enough,and applicable laws and regulations are lacking.There is insufficient regulation of access and operation of digital currency trading platforms leading to the existence of many regulatory issues,especially the digital currency trading platform in various countries occurred series of bankruptcy events,fraud,hacker attacks,and money laundering events using trading platform,which not only undermines the interests of investors,but also affect the stable and healthy development of financial markets,and raised challenges to the existing regulatory system in China,which prompting in-depth research on the regulation of digital money trading platform,as soon as possible to find a solution.Combined with the above questions,this paper first find the theoretical basis of digital monetary supervision,define and classify the digital currency,analyze the composition of its industrial chain and the operation mechanism of the trading platform,and analyze the relationship between the industrial chain and the trading platform and the emergence of digital money on the existing financial regulatory system to analyze the challenges through the study and enrichment of rich literatures.In the third chapter,it is analyzed that the research on the regulation of digital currency trading platform in our country.First,the risk is the main reason of financial supervision,so it is necessary to study the problem of supervision Platform for the existence of the risk analysis.In the second section of this chapter,according to the information and data of China's digital currency trading platform,there are many risks to the analysis platform.These risks come from the digital currency operated on the platform,on the one hand,from the operating platform itself and from platform investors.In the third section of this chapter,through the analysis of the current situation of China's digital currency trading platform,we found that it is not clear that financial and monetary attributes of digital currency such as bitcoin in China,and the special currency trading platform are managed by the telecommunications management agencies.Not only the financial regulatory framework is not included the digital currency and its trading platform,but also on the digital currency trading platform business scope and information disclosure and other aspects are not clearly defined.This approach is clearly not conducive to financial regulatory authorities to prevent the financial risks of digital money,and not conducive to the protection of investors Interests,and also not conducive to the regulatory authorities to combat money laundering,fraud and other criminal activities.In view of the above regulatory issues,this article in the fourth chapter analyze the regulation of digital currency experience of the international to find a solution for the above problems.In the fifth chapter,it puts forward that we should improve the supervision of our current digital currency trading platform,clarify the principle of digital monetary supervision,establish a digital money regulatory framework,and rebuild the trading platform.In this paper,the author puts forward some suggestions on how to improve the supervision of foreign currency,market access standards,strengthen the platform market management supervision.The innovation of this paper lies in the new research object and the new research point of view.At present,the research on digital currency is mainly focused on the characteristics of bitcoin and the properties of the digital currency and the influence on the central bank.There is almost no paper on the current research on the risks,market access and regulatory problems in the operation of the digital currency trading platform,which is growing day by day.Based on the current situation of the platform and the current situation of China's supervision,this paper puts forward some problems,for instance the market access standard is too low,the platform management supervision is not in place,the industry self-discipline management is imperfect and so on,which platform supervision is not in place the specific performance of the lack of platform for the form of business regulation,information disclosure system is not standardized,to promote illegal trade and crime and other aspects,and made recommendations from the aspects of regulatory principles and the establishment of regulatory frameworks.There are two shortcomings in this paper.First,the development period of digital money trading platform is short,the scope of business,business model,the development environment is facing all kinds of uncertainty,the state of the digital currency regulatory measures are being introduced,and this study,mainly based on the data in recent years And information,the corresponding policy basis is not enough.Second,the study of the problem and discussion still remain in the shallow level,the depth is not enough.On the other hand,financial supervision and financial innovation in the process of continuous game,the development of digital money will appear in many unexpected new situation,the follow-up impact and the results of the exposed is not enough,sometimes difficult to have a conclusion.In view of this,will continue in the future work and study this subject,a deeper level of research,get more clear and more comprehensive conclusions.