Hainan multiple departments jointly issued risk tips: prevent illegal fund raising in the name of “virtual currency” “blockchain”

In addition to the prevention of illegal fund-raising, there are certain requirements for practitioners.

  The new Hainan client, the South China Sea Network, the South China City News June 3 news (reporter Wang Hui) June 3, Hainan Province, the local financial supervision bureau, the central branch of the People’s Bank of Haikou, Hainan Banking and Insurance Supervision Bureau, Hainan Provincial Party Committee Information Office, the Hainan Provincial Public Security Department and the Hainan Provincial Market Supervision Bureau jointly issued a risk tip to remind investors to prevent illegal fund-raising activities in the name of “virtual currency” “blockchain” and so on.

  Recently, some unscrupulous elements in the name of “virtual currency” “blockchain” “digital assets”, under the banner of “investment rebate” “capital preservation and income protection” and other banners, to lure investors to buy “XX coins” “XX beans” and other forms of “virtual currency” to absorb public funds, in violation of the People’s Bank and other seven departments issued the “announcement on the prevention of risks of token issuance and financing”, suspected of engaging in illegal financial activities, seriously disrupting the economic and financial order.

  In order to protect the legitimate rights and interests of investors and to prevent and resolve financial risks, the above-mentioned departments jointly solemnly warned that no organization or individual in Hainan Province shall illegally engage in token issuance and financing activities; any so-called token financing trading platform shall not engage in the exchange business between legal tender and tokens or “virtual currencies”, and shall not buy, sell or act as a central counterparty to buy and sell tokens or “virtual currencies”. Any so-called token financing platform shall not engage in the exchange business between legal tender, tokens or virtual currencies, shall not buy, sell or act as a central counterparty to buy and sell tokens or virtual currencies, and shall not provide pricing and information intermediary services for tokens or virtual currencies; financial institutions and non-bank payment institutions shall not directly or indirectly provide accounts for token issuance financing and “virtual currencies”. Financial institutions and non-bank payment institutions shall not directly or indirectly provide products or services such as account opening, registration, trading, clearing and settlement for tokens and “virtual currencies”, and shall not underwrite insurance business related to tokens and “virtual currencies” or include tokens and “virtual currencies” in the scope of insurance liabilities. The insurance policy will not include tokens and “virtual currencies” in the scope of insurance liability.

  Hainan’s financial management, network information management, public security and market supervision departments continue to maintain high regulatory pressure on “virtual currency” trading, initial token issuance (ICO) and disguised ICO, and will use a combination of on-site interviews, administrative investigations, blocking websites, criminal cases and other means to crack down.

  In particular, the above departments require: the jurisdiction of financial institutions and non-bank payment institutions found token issuance and financing transactions of illegal clues, should promptly report to the relevant departments; all kinds of financial industry organizations should do a good job of policy interpretation, urge members to consciously resist illegal financial activities related to token issuance and financing transactions and “virtual currency”, away from the market chaos, strengthen investor education, and jointly maintain the normal financial order.

  At the same time, to remind the majority of financial consumers and investors in the province: should strengthen the awareness of risk prevention, enhance the ability to identify risks, consciously resist illegal financial activities related to token issuance and “virtual currency”. If you find various ICO variants and organizations or individuals who continue to carry out ICO and “virtual currency” trading business for domestic residents through the deployment of overseas servers, you can collect and save relevant information and evidence, and actively report to the relevant regulatory authorities. For those suspected of illegal crimes, you can actively report to the public security authorities.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/hainan-multiple-departments-jointly-issued-risk-tips-prevent-illegal-fund-raising-in-the-name-of-virtual-currency-blockchain/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-06-03 19:26
Next 2021-06-03 19:29

Related articles