（来源：新华社） 中国人民银行行长潘功胜10月27日在2025金融街论坛年会上表示，2017年以来，中国人民银行会同相关 部门先后发布了多项防范和处置境内虚拟货币交易炒作风险的政策文件，目前这些政策文件仍然有效。 下一步，中国人民银行将会同执法部门继续打击境内虚拟货币的经营和炒作，维护经济金融秩序，同时 密切跟踪、动态评估境外稳定币的发展。 责编:李文玉 | 审核:李震 | 监审:古筝 ...

10月27日，在2025金融街论坛年会上，中国人民银行行长潘功胜表示，近年来，市场机构发行的虚拟 货币特别是稳定币不断涌现，但整体还处在发展早期。国际金融组织和中央银行等金融管理部门对稳定 币的发展普遍持审慎态度。 记者｜杜川 编辑｜瑜见 10天前，在华盛顿召开的IMF/世界银行年会上，稳定币及其可能产生的金融风险成为各国财长、央行 行长讨论最多的话题之一，比较普遍的观点主要集中在，稳定币作为一种金融活动，现阶段无法有效满 足客户身份识别、反洗钱等方面的基本要求，放大了全球金融监管的漏洞，如洗钱、违规跨境转移资 金、恐怖融资等，市场炒作投机的氛围浓厚，增加了全球金融系统的脆弱性，并对一些欠发达经济体的 货币主权产生冲击。 2017年以来，人民银行会同相关部门先后发布了多项防范和处置境内虚拟货币交易炒作风险的政策文 件，目前这些政策文件仍然有效。下一步，人民银行将会同执法部门继续打击境内虚拟货币的经营和炒 作，维护经济金融秩序，同时密切跟踪、动态评估境外稳定币的发展。 ...

【导读】中国人民银行行长潘功胜在 2025 金融街论坛年会上发表讲话 谈到虚拟货币话题时，潘功胜表示，近年来，市场机构发行的虚拟货币特别是稳定币不断涌 现，但整体还处在发展早期。国际金融组织和中央银行等金融管理部门对稳定币的发展普遍 持审慎态度。 2017 年以来，人民银行会同相关部门先后发布了多项防范和处置境内虚拟货 币交易炒作风险的政策文件，目前这些政策文件仍然有效。 下一步，人民银行将会同执法部门继续打击境内虚拟货币的经营和炒作，维护经济金融秩 序，同时密切跟踪、动态评估境外稳定币的发展。 要点 3 ：继续完善货币政策框架 强化货币政策执行和传导 在货币政策方面，潘功胜表示，一年多来，面对复杂严峻的国内外形势，人民银行按照中央 决策部署，坚持支持性的货币政策立场，综合运用数量、价格、结构等多种货币政策工具， 中国基金报记者 李树超 王思文 10 月 27 日， 2025 金融街论坛年会在北京开幕。中国人民银行行长潘功胜在会上发言。 以下为中国人民银行行长潘功胜重要讲话内容： 要点 1 ：人民银行将恢复公开市场国债买卖操作 潘功胜在演讲中表示，去年，人民银行落实中央金融工作会议部署，在二级市场开展国债买 ...

Core Viewpoint - The People's Bank of China (PBOC) is committed to maintaining a supportive monetary policy stance and will resume open market operations for government bonds to enhance market stability and liquidity [2][8]. Monetary Policy and Market Operations - The PBOC will restore open market operations for government bonds after a pause due to market imbalances and risks, indicating a positive outlook for the bond market [2] - The central bank aims to maintain ample liquidity and will utilize various monetary policy tools to support economic recovery and financial market stability [2] Digital Currency Initiatives - The PBOC plans to optimize the management system for digital currency, supporting more commercial banks to operate digital yuan services [3] - A digital yuan international operation center has been established in Shanghai to facilitate cross-border cooperation [3] Regulation of Virtual Currencies - The PBOC will continue to combat the operation and speculation of virtual currencies domestically, emphasizing the need for regulatory measures to address risks associated with stablecoins [4] - The central bank has previously issued multiple policy documents to mitigate risks related to virtual currency trading, which remain effective [4] Credit Repair Policies - The PBOC is researching policies to support individuals in repairing their credit, particularly for those who have defaulted due to the pandemic but have since repaid their debts [5] - A proposed one-time credit relief policy aims to exclude certain repayment records from credit reports to aid individuals in restoring their credit status [5] Macro-Prudential Management - The PBOC is focused on building a comprehensive macro-prudential management system, with key areas including monitoring economic and financial risk interconnections, enhancing market resilience, and assessing systemically important financial institutions [6] - The central bank will also evaluate the cross-border transmission of international economic and financial risks [6] Liquidity Mechanisms for Non-Bank Institutions - The PBOC is exploring mechanisms to provide liquidity to non-bank institutions under specific circumstances, balancing market stability and moral hazard concerns [7] Systemic Financial Risk Monitoring - The PBOC is strengthening its monitoring and assessment framework for systemic financial risks, with preliminary plans in place to publish a list of systemically important insurance companies [8]

10月27日，在2025金融街论坛年会上，中国人民银行行长潘功胜表示，近年来，市场机构发行的虚拟货 币特别是稳定币不断涌现，但整体还处在发展早期。国际金融组织和中央银行等金融管理部门对稳定币 的发展普遍持审慎态度。10天前，在华盛顿召开的IMF/世界银行年会上，稳定币及其可能产生的金融 风险成为各国财长、央行行长讨论最多的话题之一，比较普遍的观点主要集中在，稳定币作为一种金融 活动，现阶段无法有效满足客户身份识别、反洗钱等方面的基本要求，放大了全球金融监管的漏洞，如 洗钱、违规跨境转移资金、恐怖融资等，市场炒作投机的氛围浓厚，增加了全球金融系统的脆弱性，并 对一些欠发达经济体的货币主权产生冲击。2017年以来，人民银行会同相关部门先后发布了多项防范和 处置境内虚拟货币交易炒作风险的政策文件，目前这些政策文件仍然有效。下一步，人民银行将会同执 法部门继续打击境内虚拟货币的经营和炒作，维护经济金融秩序，同时密切跟踪、动态评估境外稳定币 的发展。（第一财经记者 杜川） 责任编辑：朱赫楠 ...

2017年以来，人民银行会同相关部门先后发布了多项防范和处置境内虚拟货币交易炒作风险的政策文件，目前这些政策文件仍然有效。 下一步， 人民银行将会同执法部门继续打击境内虚拟货币的经营和炒作，维护经济金融秩序，同时密切跟踪、动态评估境外稳定币的发展 。 今日下午，2025金融街论坛年会开幕式上，中国人民银行行长潘功胜表示，近年来，市场机构发行的虚拟货币特别是稳定币不断涌现，但整体还处 在发展早期。国际金融组织和中央银行等金融管理部门对稳定币的发展普遍持审慎态度。 10天前，在华盛顿召开的IMF/世界银行年会上，稳定币及其可能产生的金融风险成为各国财长、央行行长讨论最多的话题之一，比较普遍的观点主 要集中在，稳定币作为一种金融活动，现阶段无法有效满足客户身份识别、反洗钱等方面的基本要求，放大了全球金融监管的漏洞，如洗钱、违规 跨境转移资金、恐怖融资等，市场炒作投机的氛围浓厚，增加了全球金融系统的脆弱性，并对一些欠发达经济体的货币主权产生冲击。 ...

格隆汇10月27日｜今日下午，2025()论坛年会开幕式上，中国人民行长潘功胜表示，近年来，市场机构 发行的虚拟货币特别是稳定币不断涌现，但整体还处在发展早期。国际金融组织和中央银行等金融管理 部门对稳定币的发展普遍持审慎态度。10天前，在华盛顿召开的IMF/世界银行年会上，稳定币及其可 能产生的金融风险成为各国财长、央行行长讨论最多的话题之一，比较普遍的观点主要集中在，稳定币 作为一种金融活动，现阶段无法有效满足客户身份识别、反洗钱等方面的基本要求，放大了全球金融监 管的漏洞，如洗钱、违规跨境转移资金、恐怖融资等，市场炒作投机的氛围浓厚，增加了全球金融系统 的脆弱性，并对一些欠发达经济体的货币主权产生冲击。2017年以来，人民银行会同相关部门先后发布 了多项防范和处置境内虚拟货币交易炒作风险的政策文件，目前这些政策文件仍然有效。下一步，人民 银行将会同执法部门继续打击境内虚拟货币的经营和炒作，维护经济金融秩序，同时密切跟踪、动态评 估境外稳定币的发展。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 ...

Group 1: Monetary Policy and Bond Market - The People's Bank of China (PBOC) has initiated bond trading operations in the secondary market to enhance monetary policy tools and improve the pricing benchmark role of government bonds [1] - The PBOC has flexibly conducted both buying and selling operations of government bonds to ensure smooth monetary policy transmission and stable financial market operations [1] - Due to significant pressure from imbalances in bond market supply and demand, the PBOC suspended bond trading earlier this year but plans to resume operations as the market stabilizes [1] Group 2: Virtual Currency Regulation - The PBOC will continue to combat the operation and speculation of virtual currencies, particularly stablecoins, which are seen as posing financial risks [2] - International financial organizations and central banks have expressed cautious views on the development of stablecoins, highlighting issues such as inadequate customer identification and anti-money laundering measures [2] - The PBOC has issued multiple policy documents since 2017 to mitigate risks associated with virtual currency trading, which remain effective [2] Group 3: Personal Credit Repair Policies - The PBOC is researching policies to support individuals in repairing their credit, particularly those affected by the COVID-19 pandemic [3] - The credit reporting system operated by the PBOC has played a crucial role in building the social credit system and preventing financial risks over the past 20 years [3] - A proposed one-time personal credit relief policy aims to exclude certain overdue records from credit reports for individuals who have repaid loans, set to be implemented early next year [3] Group 4: Digital Currency Management - The PBOC plans to optimize the management system for digital currency and support more commercial banks in becoming operational entities for digital currency [4] - A digital currency international operation center has been established in Shanghai to facilitate cross-border cooperation and usage [4] - A digital currency operation management center has been set up in Beijing to oversee the construction, operation, and maintenance of the digital currency system [4]

Core Insights - The demand for legal services related to digital assets is experiencing explosive growth as the regulatory framework for WEB3 cryptocurrencies is gradually being established by 2025 [1] - Specialized law firms focusing on virtual currencies have become essential for corporate compliance and user asset security due to the rapid iteration of blockchain technology and the complexity of cross-border regulations [1] Group 1: Shanghai Mankun Law Firm - Shanghai Mankun Law Firm, established in 2015, specializes in blockchain and digital asset legal services, scoring 9.9 out of 10 in evaluations [2] - The firm has a diverse team background, including members from renowned legal institutions, national judicial bodies, internet technology companies, and blockchain think tanks [2][3] - Mankun aims to provide integrated solutions of "law + technology + business" for Web3.0 enterprises, with plans to expand globally by establishing local offices in major crypto financial cities [2] Group 2: Service Offerings - Mankun offers specialized legal services in various areas, including civil cases related to virtual currencies, criminal cases involving virtual currencies, NFT legal services, and investment financing for digital assets [3][4] - The firm provides legal advisory for initial coin offerings (ICO), exchange compliance governance, NFT legal risk prevention, and metaverse legal frameworks [4] Group 3: Technological Innovation and Industry Influence - Mankun is focused on enhancing service efficiency through the development of legal intelligence tools and establishing a legal database for the blockchain industry [4] - The firm has served over 500 Web3.0 enterprises and has participated in the formulation of industry standards and legislative recommendations [4] Group 4: Choosing the Right Law Firm - Mankun is recommended for Web3.0 projects that require deep understanding of the Chinese market and local regulatory environment, as well as for startups needing comprehensive legal support [12] - International law firms are suggested for projects targeting the European and American markets, especially those dealing with strict regulations from entities like the SEC [12][13]

Core Insights - The U.S. Department of Justice executed a historic seizure of 127,271 bitcoins valued at $15 billion from a Cambodian scam group, marking a significant enforcement action in the cryptocurrency space [1][3][5] Group 1: Seizure Details - The seized bitcoins were controlled by Chen Zhi, founder of the Prince Group, which operated a large-scale scam empire in Cambodia [3][6] - This operation is described as the largest virtual asset seizure in history, challenging the notion of decentralization in cryptocurrency [5][8] - The U.S. Treasury has designated the Prince Group as a transnational criminal organization, imposing sanctions on 146 related targets [8] Group 2: Operational Structure of the Scam - The Prince Group's operations included various legitimate-seeming business fronts, such as real estate development and financial services, which were actually used for money laundering and fraudulent activities [6] - The scams, known as "pig butchering," involved building trust through social interactions before leading victims to invest in fake cryptocurrency schemes [6] Group 3: U.S. Strategy and Implications - The U.S. has established a strategic Bitcoin reserve mechanism, indicating that the seized bitcoins may be converted into national reserve assets [12] - Following this seizure, the U.S. now holds a total of 325,000 bitcoins, valued at approximately $36 billion, making it the largest sovereign holder of Bitcoin globally [12] - The U.S. and China exhibit contrasting approaches to cryptocurrency regulation, with the U.S. seeking to integrate Bitcoin into its financial system while China has declared Bitcoin trading illegal [14]