七家权威协会联合行动：虚拟货币相关业务一律禁止

Core Viewpoint - A comprehensive regulatory action has been initiated in China to prohibit all virtual currency-related activities, marking a significant response to the rapid rise of concepts like stablecoins and RWA tokens under the guise of financial innovation [2][5]. Group 1: Regulatory Actions - The joint statement from seven major financial associations in China establishes a strict regulatory framework, clearly delineating the boundaries of what is prohibited across various sectors including banking, securities, and internet finance [5][6]. - Financial institutions, particularly banks and payment agencies, are mandated to refrain from providing any services related to virtual currency transactions, effectively cutting off the funding channels for such activities [6][7]. - Securities, funds, and futures institutions are explicitly banned from engaging in any activities that could facilitate virtual currency trading, thereby preventing the infiltration of virtual currencies into the formal financial market [6][7]. Group 2: Risks Associated with Virtual Currencies - Virtual currency activities have evolved beyond mere investment risks, now encompassing illegal fundraising, pyramid schemes, and money laundering, which have been identified as significant threats [3][4]. - Specific examples, such as the π token, illustrate how these schemes operate under deceptive premises, leading to substantial financial losses for investors [3][4]. - Stablecoins, despite claims of price stability, have been flagged for failing to meet regulatory requirements for customer identification and anti-money laundering, making them tools for illicit activities [4]. Group 3: Implications for the Financial Market - The regulatory measures reflect a broader strategy to maintain financial stability by addressing the cross-industry risks posed by virtual currencies, which have been shown to disrupt monetary sovereignty and financial oversight [4][8]. - The announcement serves as a clear signal to the market that there is no room for compliance in virtual currency-related activities, aiming to correct public misconceptions and curb speculative behaviors [8][9]. - The regulations are designed not to stifle technological innovation but to ensure that such innovations remain within legal boundaries, promoting healthy development in compliant areas like supply chain finance and cross-border payments [9].