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Douyin Issues Trial Finance Industry Code Restricting Uncertified Accounts

Douyin Issues Trial Finance Industry Code Restricting Uncertified Accounts

According to Douyin’s trial “Community Finance Industry Convention,” the platform prohibits illegal blockchain-related services and introduces stricter rules to curb hype, fraudulent recommendations, and unauthorized fundraising in finance content.

HYPE

Fact Check
The evidence overwhelmingly and unanimously supports the statement. All nine high-authority sources, including highly credible financial news outlets like Securities Times, Cailian Press, and 21st Century Business Herald, report on the new policy from Douyin. Several sources explicitly name the policy as the "Douyin Community Finance Industry Convention (Trial)," directly corresponding to the "trial finance industry code" mentioned in the statement. Furthermore, every one of these sources confirms that a central component of this new code is the restriction placed on uncertified accounts, prohibiting them from publishing professional financial content. The reports are consistent, with some quoting Douyin representatives, which adds another layer of verification. There is no conflicting evidence among the provided sources. Based on the given information, the statement is a factual summary of the events reported.
Summary

Douyin has introduced the “Community Finance Industry Convention (Trial)” to regulate finance-related content and improve oversight. The new rules ban any blockchain or digital asset content tied to illegal services, including unlicensed crypto exchanges, and aim to curb activities such as hype-driven promotion, fraudulent stock recommendations, money laundering, and unauthorized fundraising. It also enforces credential requirements by restricting professional finance content and service promotion to certified accounts, alongside prohibiting stock price predictions and misleading educational investment advice.

Terms & Concepts
  • Blockchain: A distributed ledger technology that records transactions across multiple computers, ensuring transparency and immutability.
  • Digital asset: An asset issued and stored electronically, such as cryptocurrencies or tokenized instruments.
  • Crypto exchange: A platform where users can buy, sell, or trade cryptocurrencies and related digital assets.