It has been clearly pointed out in the Announcement on Preventing the Financing Risks of Token Issuance issued by the regulatory authorities that financial institutions and non-bank payment institutions are not allowed to carry out business related to token issuance financing transactions.
Financial institutions and non-bank payment institutions may not directly or indirectly provide products or services such as account opening, registration, trading, clearing and settlement for token issuance financing and "virtual currency", nor may they underwrite insurance business related to tokens and "virtual currency" or include tokens and "virtual currency" in the scope of insurance liability. China Internet Finance Association issued "Risk Tips on Preventing Disguised ICO Activities", calling on consumers and investors to recognize the essence of relevant models and enhance risk prevention.
Tips: The above contents are for reference only, and no suggestions are made.
Reply time: 2021-10-19. Please refer to the latest business changes announced by Ping An Bank in official website.
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