The central bank and seven other departments: financial institutions are not allowed to provide account opening, fund transfer, clearing and settlement services for activities related to virtual currency.

The People's Bank of China and eight other departments have issued a notice on further preventing and dealing with risks related to virtual currencies. The notice emphasizes strengthening the management of financial institutions, intermediaries, and technology service providers. Financial institutions are prohibited from providing account opening, fund transfer, and clearing and settlement services for activities related to virtual currencies. They are also forbidden from issuing and selling financial products related to virtual currencies, including not accepting virtual currencies or related financial products as collateral, and not engaging in insurance activities related to virtual currencies or including virtual currencies in insurance coverage. Financial institutions are required to strengthen risk monitoring and report any illegal activities or violations to relevant departments promptly. Additionally, financial institutions are not allowed to provide custody, clearing, and settlement services for tokenization of real-world assets without consent, as well as related financial products. Intermediaries and information technology service providers are also prohibited from providing intermediary services, technology, or other services for tokenization of real-world assets without consent.