wholesale diamond jewelry atlanta ga CITIC Bank issued important statements! Forbidden accounts are prohibited from Bitcoin transactions. Why do CITIC Bank do this?

unique jewelry clasps wholesale CITIC Bank recently announced on its official website that any institution or individual may use CITIC Bank account for Bitcoin, Litecoin, etc. Trading funds recharge, withdrawal, withdrawal, transaction recharge codes and other activities related to trading and selling and selling shall not be transferred through the CITIC Bank account. Related transaction funds, once discovered, CITIC Bank has the right to take measures, such as termination of relevant account transactions and canceling related accounts.
It, CITIC Bank has made this move to prevent risks and avoid prevention of currency impact. Account trading Bitcoin is risky, such as transactions are vulnerable to hackers. After all, trading platforms with bad intentions are rare, and more thefts are caused by hackers. The exchanges' own keys and user keys are stored in the wallet system of the exchange. If the system is captured by hackers and the key is leaked, the internal Bitcoin assets will disappear naturally.
Secondly, the trading platform is protected and stolen. Many investors trades Bitcoin through trading platforms, and naturally they also deposited Bitcoin to the exchange account. Except for various countries that include virtual currencies exchanged into the regulatory framework by issuing a license, most countries and regions have not been recognized by regulatory and launch online prevention measures. The exchange itself is very bad. "Stealing" your Bitcoin is like pulling out something from your pocket.
It is easy to become criminal tools. The Bitcoin account is anonymous, and the outside world cannot know who its holders are. Criminals with money laundering are favored by it; it will also affect the legal bidding system. Theoretically, although Bitcoin designs a upper limit, it will not have much impact on the existing legal currency, but this will promote the appearance of other similar digital currencies; Foreign exchange management order. Bitcoin transactions are not controlled by any central bank, nor do commercial bank recognition. By buying and selling Bitcoin through Bitcoin trading platforms located in different countries (or regions), in order to achieve the exchange and outflow of different legal currencies, foreign exchange control can be successfully bypassed.

wholesale wooden jewelry rings The official website of CITIC Bank issued the "Statement on the Prohibition of the use of our account for Bitcoin transactions", which stated that in order to protect the public's property rights and interests, protect the status of the legal currency of the RMB, and prevent money laundering, from now on, any institution or individual CITIC Bank accounts shall not be used for the recharge and withdrawal of transaction funds such as Bitcoin, Litecoin, etc., and the related transaction recharge codes such as the purchase and sales of the transaction recharge codes of the CITIC Bank account. Once discovered, CITIC Bank has the right to take measures such as suspending relevant account transactions and cancellation of relevant accounts.