In the era of financial globalization, the global financial system is also a community of destiny. If the Bitcoin frenzy foam with hundreds of billions of dollars bursts, it will inevitably impact the global financial system. This article puts forward some suggestions on the supervision of Bitcoin: First, strengthen international collaboration at the central bank level, promote international collaborative research on cryptocurrency and blockchain technology, and closely track the technological evolution path and changing trend of cryptocurrencies represented by Bitcoin.Second, in view of the concealment of cryptocurrency transactions, a multi-departmental supervision and coordination group for virtual currency and cryptocurrency transactions should be established as soon as possible to prevent the potential impact of cryptocurrency on monetary policy, exchange rate policy, and fiscal and taxation policies.Third, build moats and firewalls, strictly control the connection between third-party payment institutions and various cryptocurrency and virtual currency exchanges, ensure the independence and effectiveness of monetary and exchange rate policies, and maintain the safety and stability of the financial market.
