The People's Bank of China and seven other departments: Financial institutions shall not provide account opening, fund transfer, and clearing and settlement services for virtual currency-related business activities.

2026-02-06 13:11:29

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Deep Tide TechFlow News, February 6th, the People’s Bank of China and seven other departments issued a notice on further preventing and addressing risks related to virtual currencies and other related activities. The notice emphasizes strengthening management of financial, intermediary, and technical service institutions. Financial institutions (including non-bank payment institutions) are not allowed to provide account opening, fund transfer, and clearing services for virtual currency-related activities, nor to issue or sell financial products related to virtual currencies. They must not include virtual currencies and related financial products as collateral or pledge assets, and are prohibited from engaging in insurance business related to virtual currencies or including virtual currencies within insurance coverage. Additionally, they should enhance risk monitoring and promptly report any illegal or irregular activity clues to relevant authorities.

Financial institutions (including non-bank payment institutions) are not permitted to provide custody, clearing, or settlement services for unapproved real-world asset tokenization activities and related financial products. Relevant intermediary agencies and information technology service providers are also prohibited from providing intermediary, technical, or related services for unapproved real-world asset tokenization activities and related financial products. (Jin10)

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