China: Operational license requirement in Notice on Strengthening the Risk Supervision of Digital Collections
Progress
Current status
adopted
12 Jan 2023 adopted
Scope
Implementers
China
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced operational license requirement in Notice on Strengthening the Risk Supervision of Digital Collections
On 12 January 2023, the Hainan Provincial Market Supervision Administration (HPMA) released a "Notice on Strengthening the Risk Supervision of Digital Collections". The HPMA aims to address the hidden risks of fraud, money laundering, pyramid schem…
Event type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body