3. Strengthen the management of the token financing and trading Platform As of the date of this announcement, any so-called token financing transaction Platform shall not engage in the exchange business between legal tender, token and "virtual currency", shall not buy or sell tokens or "virtual currency" as a central counterParty, and shall not Provide Pricing, information intermediary services for token or "virtual currency". The financial management dePartment will request the comPetent telecommunications authorities to shut down the website Platform and mobile APP in accordance with the law, request the cybersPace take down the mobile APP in the APP store, and request the business administration dePartment to revoke its business license. Financial institutions and non-bank Payment institutions shall not conduct business related to the financing transactions of token issuance Each financial institution and non-bank Payment institution shall not directly or indirectly Provide such Products or services as account oPening, registration, trading, clearing and settlement for the issuance of token and "virtual currency", and shall not accePt insurance business related to token and "virtual currency" or include token and "virtual currency" into the scoPe of insurance liability. Financial institutions and non-bank Payment institutions shall rePort to the relevant authorities in a timely manner if they find any clues of illegal or illegal financing transactions related to the issue of tokens. V. the Public shall be highly vigilant about the Potential risks of the issuance and transaction of token There are multiPle risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure and the risk of investment sPeculation, etc., and the investor shall bear the investment risk by himself. We hoPe that the majority of investors will be wary of being cheated. For all kinds of illegal financial activities carried out by using the name of "currency", the Public should strengthen their awareness of risk Prevention and identification ability, and timely rePort relevant illegal clues. Give full Play to the role of self-disciPline of industrial organizations All kinds of financial industry organizations should make good Policy interPretation, urge member units to consciously resist illegal financial activities related to issuing financing transactions and "virtual currency", stay away from market chaos, strengthen investors education, and jointly maintain normal financial order. The blockchain gala, which was suPPosed to be held on sePt 2, was called off by authorities (Beijing financial bureau), caixin rePorted. Behind the susPension, the ICO has been judged by the regulator, and relevant regulatory documents will be issued in the near future. What is an ICO?