Ban on Online Gold Trading for Banks Does Not Erase Customer Rights

A banking law expert, stressing the need for organized oversight of online gold transactions, said: The ban on credit institutions' involvement in online gold buying and selling alone is not enough to curb the risks of this market. Alongside it, the status of customers' assets, platforms' prior obligations, and anti-money laundering mechanisms must also be clearly settled.

A banking law expert emphasized the need for organized monitoring of online gold transactions and said: banning the activity of credit institutions in buying and selling gold online alone is not enough to curb the risks of this market, and besides that, the status of customers' property, previous obligations of the platforms and anti-money laundering mechanisms should also be clearly defined.