Ministry of Public Security: Illegal buying, selling, renting, lending digital RMB wallets, etc. will be subject to financial punishment
Ministry of Public Security is publicly soliciting opinions on the "Joint Punishment Measures for Telecommunications and Network Fraud and Related Illegal Crimes (Draft for Soliciting Opinions)" from the society. The punished objects in the regulations include units, individuals, and relevant organizers who illegally buy, sell, rent, lend bank accounts, payment accounts, and digital RMB wallets. Financial punishment measures include: suspending the non-counter withdrawal business of bank accounts and digital RMB wallets under the name of the punished object. During the punishment period, no new payment accounts or digital RMB wallets shall be opened for the punished object.
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