央行：将继续打击境内虚拟货币经营和炒作

Core Viewpoint - The 2025 Financial Street Forum held in Beijing focuses on "Global Financial Development under Innovation, Transformation, and Reshaping," with over 400 key guests from more than 30 countries and regions attending [1]. Group 1: Virtual Currency and Stablecoins - The Governor of the People's Bank of China, Pan Gongsheng, highlighted the emergence of virtual currencies, particularly stablecoins, which are still in the early stages of development [1]. - International financial organizations and central banks generally adopt a cautious stance towards the development of stablecoins, emphasizing the financial risks associated with them [1]. - Discussions at the recent IMF/World Bank annual meeting revealed that stablecoins currently fail to meet essential requirements for customer identification and anti-money laundering, exacerbating global financial regulatory gaps [1]. - The speculative atmosphere surrounding the market for stablecoins increases the vulnerability of the global financial system and impacts the monetary sovereignty of underdeveloped economies [1]. Group 2: Regulatory Measures - Since 2017, the People's Bank of China has issued multiple policy documents aimed at preventing and addressing risks associated with domestic virtual currency trading and speculation, which remain effective [1]. - The People's Bank of China plans to collaborate with law enforcement to continue cracking down on domestic virtual currency operations and speculation to maintain economic and financial order [1]. - There will be ongoing monitoring and dynamic assessment of the development of overseas stablecoins [1].