Core Viewpoint - The recent notification from eight Chinese regulatory bodies reiterates the strict prohibition of virtual currency-related activities within the country, classifying them as illegal financial activities [1][2]. Group 1: Regulatory Stance - The People's Bank of China and the China Securities Regulatory Commission have maintained a long-standing policy against virtual currency activities, emphasizing that virtual currencies do not hold the same legal status as fiat currencies [1][2]. - The notification continues the trend of previous regulations, including the 2013 and 2021 notices, which explicitly state that Bitcoin, Ethereum, and stablecoins do not have legal equivalence to fiat currency [1]. Group 2: Risks and Prohibitions - Virtual currencies are deemed unable to meet customer identification and anti-money laundering requirements, posing risks of money laundering, fundraising fraud, and illegal cross-border fund transfers [2]. - The notification prohibits domestic entities from issuing virtual currencies abroad without proper regulatory approval, emphasizing the need to safeguard monetary sovereignty [2]. Group 3: Business Operations - Companies and individual businesses are prohibited from including terms related to virtual currencies or asset tokenization in their registered names and business scopes [3]. - The notification calls for ongoing crackdowns on virtual currency mining activities and illegal operations related to virtual currencies and asset tokenization, including fraud and illegal fundraising [3].
虚拟货币相关业务,境内一律禁止
Ren Min Ri Bao·2026-02-08 19:17