Core Viewpoint - The People's Bank of China and eight other departments issued a notification reaffirming the prohibition of virtual currencies within China, emphasizing that virtual currencies do not hold the same legal status as fiat currencies [2][3] Group 1: Regulatory Stance - The notification reiterates a strict ban on virtual currencies in China, stating that any issuance of stablecoins linked to the Renminbi by domestic or foreign entities is prohibited without proper authorization [2] - Virtual currencies such as Bitcoin, Ethereum, and Tether are characterized as non-fiat currencies that do not possess legal tender status and should not circulate as money in the market [2] Group 2: Illegal Financial Activities - Activities related to virtual currencies are classified as illegal financial activities, including the exchange of fiat currency for virtual currencies, exchanges between virtual currencies, and any related trading activities [2] - The notification strictly prohibits illegal activities such as unauthorized token sales, public issuance of securities, illegal securities and futures operations, and illegal fundraising [2] Group 3: Cross-Border Risk Prevention - The notification highlights the cross-border nature of virtual currency risks, stating that domestic entities and their controlled foreign entities are not allowed to issue virtual currencies abroad without proper regulatory approval [3]
中国央行等八部门重申对虚拟货币的禁止性政策丨画说热点
Sou Hu Cai Jing·2026-02-09 14:54