Core Viewpoint - The 2025 Financial Street Forum emphasizes the theme of "innovation, transformation, and reshaping of global financial development" [2] Group 1: Regulatory Actions on Virtual Currency - The People's Bank of China (PBOC) has issued multiple policy documents since 2017 to prevent and address risks associated with domestic virtual currency trading and speculation, which remain effective [2] - The PBOC plans to continue collaborating with law enforcement to combat domestic virtual currency operations and speculation, aiming to maintain economic and financial order while closely monitoring the development of overseas stablecoins [2] Group 2: Digital Currency Development - The PBOC will further optimize the management system for the digital renminbi and research its positioning within the monetary framework, supporting more commercial banks to become operational entities for digital renminbi [2] - The PBOC has established a digital renminbi international operation center in Shanghai for cross-border cooperation and usage, and an operation management center in Beijing for the construction, operation, and maintenance of the digital renminbi system [2] - It is clarified that the digital renminbi is a digital form of legal tender issued by the PBOC, operated by designated institutions, and is equivalent to physical renminbi, possessing value characteristics and legal tender status, distinguishing it from virtual currencies [2]

Core Viewpoint - The People's Bank of China (PBOC) has been actively implementing policies to prevent and manage risks associated with domestic virtual currency trading since 2017, and these policies remain in effect [1] Group 1: Policy Implementation - Since 2017, the PBOC, in collaboration with relevant departments, has issued multiple policy documents aimed at mitigating risks related to domestic virtual currency trading and speculation [1] - The PBOC plans to continue its efforts alongside law enforcement agencies to combat domestic virtual currency operations and speculation, thereby maintaining economic and financial order [1] Group 2: Future Actions - The PBOC will closely monitor and dynamically assess the development of overseas stablecoins as part of its ongoing regulatory efforts [1]