Dear users,
At present, blockchain technology is still in the early stage of development. We can observe that the industry is full of various hype and scams, making it difficult for ordinary users to distinguish, and the new concepts are obscure and difficult to understand, and users are prone to asset losses.
Recently, China’s ten ministries and commissions jointly issued the “Notice on Further Preventing and Disposing of the Risks of Virtual Currency Trading Hype,” which clarified the essential attributes of virtual currencies, and put forward clear prevention and control measures against illegal financial activities such as trading hype, illegal operations, and financial fraud. Disposal requirements to maintain financial order and social stability.
In order to match the regulatory policies of the countries where users are located, we will now restrict users in China from accessing and using the following third-party financial applications, including but not limited to:
DEX: Decentralized currency exchange
Staking: pledge mining, liquidity mining
DeFi DApps such as lending and derivatives
As imToken is a non-custodial wallet, users need to control their private keys and understand blockchain technology in order to safely try the innovations brought about by new technologies. In China, digital tokens are virtual commodities. Users can hold and experience new digital interactions through wallets, but be sure to guard against illegal activities such as real hype, fraud, pyramid schemes, money laundering, etc., which are packaged with blockchain and smart contract technology. We still do our best to identify and warn potential risky applications to protect every user.
Token, as one of the expressions of all things in the future digital world, will be closely related to everyone with the process of human digitization.
The imToken team will continue to study technology, iterate products, and give full play to blockchain and cryptography technologies:
Trustworthy execution of smart contracts makes the cost of trust lower
Encryption and multi-party calculation to protect the private data of individuals
Multi-factor authentication reduces the risk of fraud
Help everyone to access the new digital world safely and happily and experience a richer life.
imToken Team
2021.9.29 SGT