Core Viewpoint - The People's Bank of China (PBOC) is reinforcing its stance against virtual currency speculation and illegal financial activities, emphasizing a continued prohibition policy in response to recent increases in such activities [1] Regulatory Actions - A coordination meeting was held involving 13 departments, including the Ministry of Public Security and the Central Internet Information Office, to address the rising speculation in virtual currencies [1] - The meeting highlighted the risks associated with stablecoins, noting their inability to meet compliance requirements such as customer identity verification and anti-money laundering measures [1] - The PBOC reiterated that virtual currencies do not hold the same legal status as fiat currencies and should not circulate as money in the market, categorizing related activities as illegal financial operations [1] Monitoring and Enforcement - The meeting called for enhanced collaboration among departments to improve regulatory policies and legal frameworks, focusing on monitoring key areas such as information flow and capital flow to combat illegal activities [1] - Since the issuance of a notice in 2021 aimed at preventing and addressing risks associated with virtual currency trading, significant progress has been made in regulatory efforts [1] - The convening of this meeting indicates that the regulatory authorities will maintain a high-pressure approach in light of new challenges and circumstances [1]
13部门联合表态,强调持续高压打击虚拟货币交易炒作
Guan Cha Zhe Wang·2025-12-01 08:55