Hainan: Strictly crack down on false propaganda, token issuance, etc. in the name of blockchain

On December 28th, Hainan Province held a press conference on policy interpretation of the "Implementation Plan for Hainan Province to Create a National Blockchain Pilot Zone". Wang Jing, Secretary of the Party Leadership Group of the Hainan Provincial Department of Industry and Information Technology, stated at the press conference that the "Implementation Plan" comprehensively uses blockchain and other technical means to support relevant management departments to strengthen their protection against smuggling, illegal investment and operation of enterprises, and major financial risks. , Taxation risks, etc., to enhance the risk prevention and control capabilities of Hainan Free Trade Port in terms of trade, investment, finance, and data. Severely crack down on illegal activities such as false propaganda and hype, illegal fund-raising fraud, and issuance of tokens under the guise of the blockchain, continue to purify the blockchain ecological environment, and ensure the healthy and orderly development of the Hainan Province to create a blockchain pilot zone.