People close to the group leading the work on the special rectification of internet financial risks revealed that the regulatory authorities have decided to shut down the virtual currency exchange centres in China including "OKcoin", Huobi, BitCoin China, and all currency exchange centres dealing with transactions between virtual currency and (legal) money. Currently, the resolution has been enacted in the respective places. In May this year, Anbound Consulting made a clear suggestion that the Chinese government ban Bitcoin and other virtual currencies as well as other ICO transactions. The decision makers have finally made the right move.