Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

Study of the Impact of Chinese Policies and Regulations on Bitcoin

Authors
Zihan Wu1, *, Dan Wang2
1North China University of technology, Beijing, 100144, China
2CETC Research Center for Development and Strategy, Beijing, 100041, China
*Corresponding author. Email: miswuzihan@163.com
Corresponding Author
Zihan Wu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_40How to use a DOI?
Keywords
Bitcoin GARCH model yield fluctuations
Abstract

Bitcoin is an emerging digital virtual currency with both decentralization, high degree of freedom and high bookkeeping efficiency, and the transaction scale of its market has developed rapidly in recent years. This paper selects the closing price of Bitcoin from May 2015 to August 2022, divides the data into two groups to establish a GARCH model based on the date of promulgation of the Bitcoin ban, and determines the impact of the regulation on the fluctuation of Bitcoin transactions by comparing the volatility characteristics of the two sets of models. This study is conducive to determining the direction and size of the impact of some policy changes on bitcoin fluctuations, and has a reference effect on the determination and adjustment of bitcoin-related policies and regulations.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_40How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Zihan Wu
AU  - Dan Wang
PY  - 2022
DA  - 2022/12/27
TI  - Study of the Impact of Chinese Policies and Regulations on Bitcoin
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 344
EP  - 351
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_40
DO  - 10.2991/978-94-6463-098-5_40
ID  - Wu2022
ER  -