中国人民银行、中国证监会有关负责人就《关于进一步防范和处置虚拟货币等相关风险的通知》答记者问

Core Viewpoint - The article discusses the recent issuance of a notification by eight Chinese regulatory bodies aimed at further preventing and addressing risks associated with virtual currencies and related activities, emphasizing the need for enhanced regulatory measures in light of new challenges in the market [2][3]. Group 1: Background of the Notification - The notification was prompted by the resurgence of speculative activities related to virtual currencies and tokenization of real-world assets, which have disrupted economic and financial order and posed risks to public financial security [3]. - Previous efforts in 2021 to combat virtual currency trading and speculation had shown significant results, but new risks have emerged, necessitating updated regulatory policies [3]. Group 2: Definition and Regulation of Virtual Currencies - Virtual currencies have long been subject to a prohibitive policy stance in China, with previous notifications clarifying that they do not hold the same legal status as fiat currencies and that related activities are illegal [4][5]. - The notification reiterates that activities involving virtual currencies, including those by foreign entities, are strictly prohibited within China [5]. Group 3: Regulatory Requirements for Virtual Currencies - The notification outlines that virtual currencies do not meet customer identification and anti-money laundering requirements, posing risks for illegal activities such as money laundering and fraud [6]. - It emphasizes that no entity may issue virtual currencies abroad without approval from relevant authorities, particularly those pegged to the Chinese yuan [6]. Group 4: Requirements for Domestic Entities Engaging in Tokenization Abroad - Domestic entities engaging in tokenization of real-world assets abroad must adhere to strict regulatory oversight, ensuring compliance with local and international regulations [7]. - Financial institutions providing related services must integrate compliance and risk management frameworks to mitigate potential risks associated with these activities [7]. Group 5: Specific Measures Proposed in the Notification - The notification calls for a collaborative framework between central and local authorities to effectively manage risks associated with virtual currencies and asset tokenization [8]. - It emphasizes the need for comprehensive risk monitoring and management strategies, including the regulation of virtual currency mining and illegal activities [8][9]. - Public awareness campaigns are encouraged to educate the public on the risks associated with virtual currencies and asset tokenization [9].