- Eight Chinese government agencies, including the People’s Bank of China, released the Measures for the Administration of Online Marketing of Financial Products, which will take effect on Sept. 30.
- The move means online marketing of financial products will be limited to licensed institutions and relevant platforms.
- Chinese authorities said the issuance and trading of virtual assets will be classified as illegal financial activity, with related promotion banned outright.
Forecast Trend Report by Period
Chinese authorities have issued unified rules for the online marketing of financial products. The measures again classify virtual asset, or cryptocurrency, issuance and trading as illegal…
