13部门联手严打炒币

Core Viewpoint - The article discusses the recent regulatory developments regarding stablecoins in China, emphasizing their classification as virtual currencies and the associated risks, including money laundering and illegal cross-border fund transfers [3][5][10]. Regulatory Developments - The People's Bank of China (PBOC) led a meeting with 13 national regulatory bodies to officially include stablecoins in the virtual currency regulatory framework, marking a significant upgrade in regulatory measures [3][5]. - The meeting highlighted the need for enhanced compliance with customer identity verification and anti-money laundering (AML) requirements, as stablecoins currently do not meet these standards [3][5][10]. Risks Associated with Stablecoins - Stablecoins are increasingly being used for illegal activities, including money laundering and fraudulent fundraising, posing challenges to financial order [5][6]. - The article cites a case where individuals used stablecoins to facilitate illegal foreign exchange transactions, amounting to 6.5 billion yuan over three years [6]. International Context - The risks posed by stablecoins have become a focal point in global financial discussions, particularly at the recent IMF and World Bank meetings, where concerns about their inability to meet basic regulatory requirements were raised [9][10]. - The volatility of cryptocurrencies, particularly Bitcoin, has led to increased speculation and illegal activities, necessitating ongoing regulatory vigilance [10][11]. Ongoing Regulatory Efforts - Since 2013, China has established a multi-layered regulatory framework to address the illegal nature of virtual currencies, with various policies still in effect [10][11]. - The PBOC plans to continue its crackdown on domestic virtual currency operations and closely monitor the development of overseas stablecoins [11][12].