Eight Departments Including the Central Bank: Any Individual or Entity Investing in Virtual Currency and Related Financial Products Shall Bear Their Own Losses

Odaily According to a notice issued by eight departments including the People's Bank of China on further preventing and dealing with risks related to virtual currency and other areas, it was pointed out that carrying out illegal financial activities related to virtual currency and real-world asset tokenization in violation of the provisions of this notice, as well as providing services for businesses related to virtual currency and real-world asset tokenization, shall be penalized in accordance with relevant regulations; if a crime is constituted, criminal liability shall be pursued according to law. For domestic individuals and entities who knowingly or should have known that overseas entities are illegally providing services related to virtual currency and real-world asset tokenization within China and still provide assistance to them, relevant responsibilities shall be pursued according to law; if a crime is constituted, criminal liability shall be pursued according to law. Any individual or entity investing in virtual currency, real-world asset tokens, and related financial products, if it violates public order and good customs, the relevant civil legal acts are invalid, and any losses arising therefrom shall be borne by themselves; if suspected of disrupting financial order or endangering financial security, they shall be investigated and dealt with by relevant departments according to law.