$XNY Relevant institutions are prohibited from conducting businesses related to virtual currencies and real-world asset tokens
All member units are prohibited from participating in the issuance and trading of virtual currencies and real-world asset tokens within the country, and must not directly or indirectly provide related services for clients regarding the issuance and trading of virtual currencies and real-world asset tokens within the country. Banking and payment institution member units must not provide services for activities related to the issuance and trading of virtual currencies and real-world asset tokens within the country, and must not provide any form of financial services or credit support to virtual currency “mining” enterprises and projects. They must strictly conduct customer due diligence, promptly assess whether activities involve virtual currency or real-world asset token transactions or money laundering risks, ensure compliance with regulatory requirements, and take action and report to relevant authorities if suspicious clues are found. Securities, fund, and futures institution member units must not provide services for the issuance and trading of virtual currencies, real-world asset tokens, or related financial products within the country. Internet platform enterprise member units must not provide any form of marketing promotion, information technology, or other services for activities related to the issuance and trading of virtual currencies and real-world asset tokens within the country, and must rigorously ensure compliance checks for information published on their platforms. All member units should provide comprehensive risk warnings and educational alerts regarding virtual currencies and real-world asset tokens, reminding the public to recognize risks and stay away from illegal activities.
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$XNY Relevant institutions are prohibited from conducting businesses related to virtual currencies and real-world asset tokens
All member units are prohibited from participating in the issuance and trading of virtual currencies and real-world asset tokens within the country, and must not directly or indirectly provide related services for clients regarding the issuance and trading of virtual currencies and real-world asset tokens within the country. Banking and payment institution member units must not provide services for activities related to the issuance and trading of virtual currencies and real-world asset tokens within the country, and must not provide any form of financial services or credit support to virtual currency “mining” enterprises and projects. They must strictly conduct customer due diligence, promptly assess whether activities involve virtual currency or real-world asset token transactions or money laundering risks, ensure compliance with regulatory requirements, and take action and report to relevant authorities if suspicious clues are found. Securities, fund, and futures institution member units must not provide services for the issuance and trading of virtual currencies, real-world asset tokens, or related financial products within the country. Internet platform enterprise member units must not provide any form of marketing promotion, information technology, or other services for activities related to the issuance and trading of virtual currencies and real-world asset tokens within the country, and must rigorously ensure compliance checks for information published on their platforms. All member units should provide comprehensive risk warnings and educational alerts regarding virtual currencies and real-world asset tokens, reminding the public to recognize risks and stay away from illegal activities.