It has come to UnionPay’s knowledge that Cryptex Card, a Hong Kong-based company, launches the first Bitcoin-to-cash ATM and debit card, and that it is issued under a license tied to UnionPay.

UnionPay states that Cryptex is not a member or partner organization of UnionPay, nor does it has any business relationship whatsoever with UnionPay. Any report or coverage otherwise is not true.

UnionPay is in strict compliance with the requirement of China’s regulatory authorities and consistently in compliance throughout all its business conduct.