10 departments including the Hainan Provincial Market Supervision Administration jointly issued the "Notice on Strengthening the Risk Supervision of Digital Collections"

Hainan Provincial Market Supervision Administration, the Propaganda Department of the Hainan Provincial Party Committee of the Communist Party of China and other 10 departments jointly issued the "Notice on Strengthening the Risk Supervision of Digital Collections" and adopted eight major measures to comprehensively prevent the regulatory risks of digital collections and promote the healthy development of the digital collections industry. . The "Notice" pointed out that the hidden risks of fraud, money laundering, pyramid schemes, and illegal fund-raising in digital collections cannot be ignored; it is required to strengthen cooperation and form a coordinated supervision mechanism of departmental linkage. In addition, the "Notice" also emphasized that multiple measures should be taken to prevent the regulatory risks of digital collections in an all-round way. All relevant departments and cities and counties should combine the actual situation of Hainan Province, adhere to the principle of "equal emphasis on development and regulation", increase the supervision of the digital collection industry, guide market players to operate legally and compliantly, and fully enjoy the dividends of the Hainan Free Trade Port.