“Token Financing and Issuance” is included in the scope of reporting on China’s Internet Finance Reporting Information Platform

China's Internet Finance Reporting Information Platform has included "token financing and issuance" in the "Internet Finance Reporting Scope", which mainly involves the following six items:

1. Engage in the exchange business between legal tender and tokens or “virtual currency”;

2. Buy, sell or act as a central counterparty to buy or sell tokens or “virtual currencies”;

3. Provide pricing, information intermediary and other services for tokens or "virtual currencies";

4. Directly or indirectly provide account opening, registration, trading, clearing, settlement and other products or services for token issuance financing and "virtual currency";

5. Underwrite insurance business related to tokens and "virtual currencies" or include tokens and "virtual currencies" in the scope of insurance liability;

6. Other illegal financial activities carried out using the name of “currency”.