13部门重拳出击虚拟币!美国想用数字美元转嫁债务?中国不答应

Group 1 - The People's Bank of China has convened a meeting with 13 departments, emphasizing that stablecoins cannot circulate within China and related transactions are deemed illegal financial activities [1][22] - In contrast to the U.S. approach, which aims to promote stablecoins as a new form of "digital dollar," China is taking a firm stance to prevent any potential threats to financial security [1][10] - The global market for stablecoins has surpassed $132 billion, with a significant portion being dollar-pegged assets like USDT and USDC, which are seen as a new shell for "digital dollars" [3][5] Group 2 - The U.S. has been increasing its national debt while global central banks are gradually reducing their dollar assets, leading to a decline in the dollar's share of global foreign exchange reserves to approximately 57.8% [5][10] - Stablecoins are viewed as a means for the U.S. to indirectly export dollars, as they are backed by U.S. Treasury securities, thus creating a new pool of dollar holders globally [5][8] - The GENIUS Act mandates that stablecoin issuers must hold safe dollar assets on a 1:1 basis, resulting in significant holdings of U.S. Treasuries by companies like Circle, which now holds over $120 billion in U.S. debt [7][10] Group 3 - Stablecoins present regulatory challenges due to their pseudonymous nature, making it difficult to trace transactions and identify users, which raises concerns about money laundering and compliance [11][13] - There have been instances of stablecoins being used for illegal activities, such as money laundering and circumventing foreign exchange controls, highlighting systemic risks to the financial system [15][18] - The Chinese government aims to close off these potential loopholes to prevent large-scale capital outflows and maintain currency stability [18][20] Group 4 - China's regulatory stance is clear: virtual currencies are not legal tender and cannot be used as payment tools, reinforcing the prohibition established in 2021 [22][23] - Hong Kong is adopting a dual-track strategy, allowing for stablecoin experimentation under strict regulations while maintaining a clear separation from mainland China's financial system [25][27] - China is focusing on developing its own digital currency, the digital yuan, which is being piloted in various cities and aims to enhance payment efficiency while ensuring compliance [27][29]