China May Force Investors to Scan Faces, Fingerprints to Trade
Liao Shumin
/SOURCE : yicai
China May Force Investors to Scan Faces, Fingerprints to Trade

(Yicai Global) Dec. 5 -- China's main securities regulator considers requiring investors in risky situations to use facial or fingerprint recognition to verify their identities when trading equities in order to improve security. 

The China Securities Regulatory Commission will strengthen identification standards to combat illegal transactions, the regulator said in a statement. To this end, the CSRC will promote the use of new technologies and Big Data, it added.

The regulator's crackdown on equity crowdfunding platforms has yielded results so that the related risks are now controllable, it said. China has been increasing supervision in the sector this year, forcing unqualified peer-to-peer platforms to shut down. 

Editor: Emmi Laine

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Keywords: CSRC , Trade , Facial Recognition , Fingerprint Scanning