新华视点丨8部门“攥指成拳”强监管 合力遏制虚拟货币等风险

Core Viewpoint - The Chinese government, through the People's Bank of China and eight other departments, has issued a joint notice to strengthen regulation and prevent risks associated with virtual currencies and related activities, emphasizing that such activities are illegal financial operations [1][2]. Regulatory Actions - The notice categorically states that virtual currencies do not possess legal tender status and should not circulate as currency in the market [2]. - All forms of token issuance and financing related to virtual currencies are prohibited, with a focus on halting domestic virtual currency trading and token issuance platforms [2][5]. - The notice reiterates previous policies aimed at curbing virtual currency trading risks, maintaining a strict regulatory stance [2][7]. Stablecoin Regulations - The notice provides a clear judgment on stablecoins, indicating that those pegged to fiat currencies may functionally act as legal tender [3]. - It prohibits any domestic or foreign entities from issuing stablecoins linked to the Renminbi without proper authorization [3][4]. RWA Tokenization - The notice defines Real World Asset (RWA) tokenization as the conversion of asset ownership and income rights into tokens using cryptographic and distributed ledger technologies [5]. - It emphasizes that no company in China can legally conduct RWA transactions, with many entities misusing the term for speculative activities [6]. Multi-Department Collaboration - The notice highlights the need for a coordinated effort among various departments to effectively manage and mitigate risks associated with virtual currencies [7][8]. - Specific regulatory measures include strict monitoring of advertisements related to virtual currencies and RWA, as well as the closure of platforms engaging in illegal activities [8][9]. Cross-Border Regulations - The notice establishes that domestic entities and their foreign-controlled counterparts are prohibited from issuing virtual currencies abroad without proper consent [8][9]. - It mandates that any cross-border asset securitization activities based on domestic assets must be reported and comply with relevant laws and regulations [9].