The People's Bank of China and eight other departments stated that any losses incurred by any entity or individual investing in virtual currencies and related financial products shall be borne by the

PANews reported on February 6 that eight departments, including the People's Bank of China, issued a notice on further preventing and handling risks related to virtual currencies. The notice states that those who violate the provisions of this notice by engaging in illegal financial activities related to virtual currencies and real-world asset tokenization, or providing services for businesses related to virtual currencies and real-world asset tokenization, will be punished according to relevant regulations; those whose actions constitute a crime will be prosecuted according to law. Domestic entities and individuals who knowingly or should have known that overseas entities are illegally providing virtual currency and real-world asset tokenization services to China, and who still provide assistance, will be held accountable according to law; those whose actions constitute a crime will be prosecuted according to law. Any entity or individual investing in virtual currencies, real-world asset tokens, and related financial products that violates public order and good morals will have their related civil legal acts invalid, and any losses arising therefrom shall be borne by the individual; those suspected of disrupting financial order or endangering financial security will be investigated and dealt with by relevant departments according to law.