Sino-Singapore Jingwei Client, June 21 (Xinhua) The Agricultural Bank of China issued a "Statement on Prohibiting the Use of Our Bank's Services for Bitcoin and Other Virtual Currency Transactions" (hereinafter referred to as the statement) on its official website on the 21st.
The statement stated that in order to further implement the spirit of the meeting of the Financial Affairs Committee of the State Council and strictly implement the "Announcement on Preventing the Financing Risks of Token Issuance" and the "Announcement on Preventing Speculation Risks in Virtual Currency Transactions" and other regulations, in accordance with the recent interview and guidance requirements of the relevant departments of the People's Bank of China, we will continue to carry out crackdowns and governance actions against virtual currency transactions.
The statement mainly makes three points:
First, we will resolutely not carry out or participate in any business activities related to virtual currency. We prohibit the access of customers involved in virtual currency transactions and will increase the investigation and monitoring of customers and fund transactions. Once relevant behavior is discovered, measures such as suspending account transactions and terminating customer relationships will be immediately taken and reported to the relevant departments in a timely manner.
Second, in order to protect the legitimate rights and interests of customers and the security of funds in their accounts, please actively cooperate with due diligence, assist in fulfilling legal obligations, and combat illegal and criminal activities involving virtual currency mining and fund transactions.
Third, customers should be highly vigilant about the risks of virtual currency-related business activities, improve risk prevention awareness and identification capabilities, and beware of being deceived. If you discover the above-mentioned relevant behaviors, you can call the customer service hotline to report it.
The Agricultural Bank of China emphasized that it will strictly implement relevant national regulatory requirements, abide by industry self-discipline commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual is allowed to use our bank accounts, products, services, etc. for token issuance financing and virtual currency transactions.
