China Banking Association and other three associations: financial institutions shall not use virtual currency to price products and services

China Banking Association and other three associations: financial institutions shall not use virtual currency to price products and services
Original title: financial institutions and others are not allowed to use virtual currency to price products and services. Our reporter Liu Qi said on May 18 that the China Banking Association issued the notice of China Internet Finance Association, China Banking Association and China payment and clearing Association on preventing the risk of speculation in virtual currency transactions (hereinafter referred to as the “notice”), pointing out that recently, the price of virtual currency has soared and plummeted, The speculation of virtual currency transactions rebounded, seriously harming the safety of people’s property and disturbing the normal order of economy and finance. In order to further implement the requirements of the notice on prevention of bitcoin risk and the notice on prevention of financing risk of token issuance issued by the people’s Bank of China and other departments, and prevent the risk of speculation in virtual currency transactions, China Internet Finance Association, China Banking Association and China payment and clearing Association jointly discussed relevant matters