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Lawyer: Alipay related fund advertisements may have false advertising
Wu learned that Alipay’s advertising related to Cryptocurrency does not represent China’s relaxation of control over the crypto world; QDII+FOF meets the compliance requirements for domestic funds to go overseas, and the forex administration will be responsible for allocating investment quotas. The proportion of funds flowing into the encryption market is not high; only a small proportion of the fund’s funds are invested in Cryptocurrency, but it is heavily promoted with the gimmick of ‘Cryptocurrency soaring’, which may involve illegal false advertising.