【In Response To The Risk Of Illegal Cross-Border Financial Activities Involving Virtual Currencies, The State Administration Of Foreign Exchange Of China Has Issued The "Administrative Measures For Bank Foreign Exchange Risk Transactions Report (Trial)."】 December 29Th, According To The Economic Daily, The Website Of China'S State Administration Of Foreign Exchange (Safe) Shows That, In Order To Better Coordinate Development And Security, Ensure The Facilitation Of Cross-Border Trade And Investment, Prevent And Curb Illegal Foreign Exchange Activities, And Maintain The Order Of The Foreign Exchange Market, Safe Has Formulated The "Administrative Measures For Bank Foreign Exchange Risk Transaction Reporting (Trial)" Based On The "Administrative Measures For Bank Foreign Exchange Business (Trial)" And Relevant Laws And Regulations.According To The "Measures," If A Bank Discovers Or Has Reasonable Grounds To Suspect That Domestic Or Overseas Institutions And Individual Customers Of The Bank (Hereinafter Referred To As The Transaction Parties) Are Engaged In Foreign Exchange Risk Transactions, It Should Monitor Foreign Exchange Risk Transaction Information And Submit Foreign Exchange Risk Transaction Reports.Foreign Exchange Risk Transactions Refer To Activities Involving Suspected False Trade, False Investment And Financing, Underground Banks, Cross-Border Gambling, Export Tax Refund Fraud, Illegal Cross-Border Financial Activities Of Virtual Currencies, And Other Suspected Illegal Cross-Border Fund Flow Activities; Foreign Exchange Risk Transaction Information Refers To Information Related To Foreign Exchange Risk Transactions. Banks Should Promptly Submit Foreign Exchange Risk Transaction Reports To Safe Through Their Head Office Or An Institution Designated By The Head Office