Research On International Supervision Dynamics Of Virtual Currency And China’s Countermeasures

In recent years,the sharp rise and fall of virtual currency has not only attracted the attention of regulatory authorities in various countries,but also attracted the attention of international organizations.However,due to the borderless nature of virtual currency,the effect of supervision of virtual currency in a single country is not significant and can not achieve the purpose of supervision.The international supervision of virtual currency is conducive to guide the virtual currency to give full play to its own value and prevent the systemic risk of virtual currency from erupting all over the world.Therefore,the international regulatory system of virtual currency needs to be improved.Through comprehensive analysis,the thesis discusses the reasons for establishing the international supervision system of virtual currency from two aspects: giving full play to its own value and preventing the risks brought by virtual currency.The thesis also summarizes the current trend and challenges of international supervision of virtual currency by comparing and analyzing the supervision modes of Japan,the United States and the United Kingdom,as well as the supervision suggestions put forward by the financial stability Council,the financial task force,the Basel Banking Committee and the International Securities Regulatory Commission.The international supervision of virtual currency faces three challenges:insufficient supervision consensus,unclear supervision subject and unclear jurisdiction.This thesis also analyzes the impact and Enlightenment of the current situation of virtual currency supervision on China.Finally,by analyzing the development process of China’s virtual currency,this thesis summarizes the problems existing in China’s virtual currency,such as insufficient supervision basis,unclear nature of virtual currency and lack of investor protection,and puts forward some suggestions for China to improve the supervision system of virtual currency: China should slow down the supervision attitude and supervise virtual currency by classification;Secondly,strengthen the upstream legislation to make the supervision of virtual currency legal;Thirdly,we should use regulatory technology to accurately control the risk of virtual currency;Finally,we should actively promote international dialogue and cooperation and promote the improvement of the international regulatory system of virtual currency.