业内专家表示,虚拟货币交易炒作活动绝非法外之地,无论其形态如何演变,维护金融安全稳定、保护 人民财产安全、促进金融健康发展的监管原则不会改变。对于每个人而言,关键在于增强风险意识,认清 虚拟货币炒作的本源和风险,远离各类非法金融活动。 近期,中国人民银行召开打击虚拟货币交易炒作工作协调机制会议,强调持续打击虚拟货币相关非法 金融活动。监管部门在会上明确指出,虚拟货币不具有与法定货币等同的法律地位,不具有法偿性,不应且 不能作为货币在市场上流通使用。这释放出清晰而强烈的信号:无论虚拟货币如何包装和创新,其潜在的 金融风险都已受到监管部门高度关注,相关监管篱笆正越扎越紧。 [责任编辑：李佳慧] 自2013年比特币兴起以来,监管部门多次发布通知提示虚拟货币风险。今年以来,虚拟货币的新动向 推动监管政策进一步细化,此时再度强调持续打击,其必要性和紧迫性不言而喻。 理解当前监管持续发力,要先了解虚拟货币领域现状如何。表面上看,比特币等主要虚拟货币的价格 依然延续剧烈波动特性,投机风险显著。而更深层次的风险则隐藏在那些看似更"安全"的角落,比如有的 虚拟货币存在背后储备资产不透明、价值不足,好比一家银行声称储户存入多少现 ...

Core Viewpoint - The article outlines the evolution of China's regulatory framework for virtual currencies from 2013 to 2025, highlighting key regulations and their implications for the financial system and legal risks associated with virtual currencies [3]. Regulatory Framework Overview - In December 2013, the People's Bank of China and other regulatory bodies issued a notice defining Bitcoin as a specific virtual commodity, prohibiting financial institutions from engaging in Bitcoin-related activities, thus establishing a "non-monetary" position for virtual currencies [4]. - In September 2017, the "94 Notice" was released, which banned Initial Coin Offerings (ICOs) and trading platforms, categorizing ICOs as illegal public financing activities and reinforcing the non-monetary status of virtual currencies [5]. - In September 2021, two significant notices were issued: one targeting virtual currency mining as an obsolete industry and the other emphasizing that virtual currency-related activities are illegal financial activities, thereby tightening regulations from mining to trading [6]. - A special meeting in November 2025 reiterated the illegal status of virtual currencies and emphasized ongoing efforts to combat illegal financial activities related to them, indicating a long-term commitment to stringent regulation [7]. Legal Interpretations and Case Studies - Legal interpretations from 2020 to 2022 have clarified the criminal implications of virtual currencies, including their use in gambling and fraud, and established that virtual currencies can be considered property under criminal law [8][9]. - Specific cases have demonstrated the application of these legal interpretations, highlighting the criminal liability associated with the use of virtual currencies in various illegal activities [9]. Conclusion - The legal risks associated with virtual currencies have evolved into a complex regulatory challenge encompassing criminal, financial, and tax issues. Although there is no dedicated "virtual currency law" in China, a robust regulatory system has been established through strong regulatory policies and existing legal frameworks [10].

Group 1 - The core viewpoint of the article highlights the rising market value of Moole Thread, often referred to as the "Chinese version of Nvidia," which reached 383 billion yuan, a sixfold increase from its issuance price, amidst the growing interest in AI and computing power [1][13] - The article discusses the complex relationship between tech giants and the cryptocurrency market, illustrating how figures like Elon Musk and Sam Altman have engaged with virtual currencies, reflecting a broader trend of capital intertwining with AI and blockchain technologies [2][3] - The narrative emphasizes the dual strategies of tech leaders like Musk, who leverage their influence to manipulate cryptocurrency markets while maintaining significant holdings in Bitcoin, showcasing a blend of short-term trading and long-term investment approaches [5][6] Group 2 - The article outlines the motivations behind tech leaders' involvement in cryptocurrencies, suggesting that their engagement goes beyond mere profit, as seen in Musk's and Altman's ventures into the crypto space [3][4] - It highlights the energy-intensive nature of both AI and cryptocurrency mining, indicating that the infrastructure supporting these industries is closely linked, leading to a flow of capital and entrepreneurs across both sectors [9][11] - The piece notes the competitive landscape of the computing power sector, driven by the rapid evolution of technology and the need for differentiation, which may lead to a "Matthew effect" where larger players dominate the market [13]

Group 1 - The core point of the article highlights the rising market value of Moole Thread, often referred to as the "Chinese version of Nvidia," which reached 383 billion yuan, a sixfold increase from its initial offering price, amidst the growing interest in AI and computing power [1] - The article discusses the complex relationship between tech giants and the cryptocurrency market, noting that figures like Elon Musk and Sam Altman have engaged with cryptocurrencies, reflecting a broader trend among tech leaders [1][2] - The narrative suggests a metaphorical connection between AI, computing power, and cryptocurrencies, indicating a shared capital link that drives investment and innovation in these sectors [1] Group 2 - Musk's influence in the cryptocurrency space is emphasized, showcasing his ability to manipulate market movements through social media, particularly with Dogecoin and Bitcoin, revealing a dual strategy of leveraging personal influence while maintaining significant cryptocurrency holdings [2] - Altman's involvement in the WorldCoin project illustrates a vision of creating a new cryptocurrency that aims to distribute wealth equitably, highlighting the intersection of AI and cryptocurrency in societal experiments [3] - Nvidia's business model is described as primarily focused on selling hardware for cryptocurrency mining without direct involvement in mining itself, raising questions about the company's transparency regarding the impact of mining on its revenue [4] Group 3 - The article notes that both AI and cryptocurrencies are energy-intensive industries, with a significant demand for computing power and electricity, leading to a convergence of interests among investors and entrepreneurs in these fields [5] - The shift of mining companies towards providing computing power services reflects a strategic pivot in response to market conditions, with companies like CoreWeave and TeraWulf capitalizing on their existing infrastructure [6] - The regulatory environment in the U.S. favors cryptocurrency mining companies due to their established power contracts, allowing them to bypass lengthy approval processes for new AI data centers, thus positioning them as attractive partners for AI firms [7] Group 4 - The article discusses the competitive landscape of the computing power market, highlighting the rapid growth and valuation of companies like Nvidia and Moole Thread, driven by the AI investment boom and domestic strategic needs [8] - The emergence of domestic computing power firms is linked to geopolitical factors, particularly U.S. technology export controls, which have spurred the growth of local companies in response to national strategic demands [8] - The article concludes by noting the uncertainty surrounding policy changes, particularly regarding chip exports to China, which could impact the dynamics of the computing power and cryptocurrency markets [9]

2025年11月28日， 央行召开打击虚拟货币交易炒作工作协调机制会议。 会议明确将稳定币纳入虚拟货币范畴， 并强调虚拟货币相关业务活动属于非法金融活动。 那到底什么是稳定币？为啥属于非法金融活动呢？ 人们总是希望岁月静好， 但有些事情我们没法控制。 因而我们很多人努力追求稳定， 毕竟生命有很多难以承受之重。 在金融世界里也是如此。 一段时间以来，一种名为"稳定币"的资产受到大批投资者的追捧。 什么是稳定币？真的能带来稳定吗？ 顾名思义，稳定币（stable coins）核心特征就是要价格比较稳定。 但银行记账是需要成本的！ 那有没有什么方法，可以去掉银行这个中心化的账本呢？ 区块链就是一种"去中心化"的技术。 这个技术有点复杂， 你可以简单理解为，它把交易信息都记录在一个"区块"上，包括金额、时间等，然后这个"区块"的信息会被全网络"广播"，相当于信息被全网记录了，不 可篡改。 稳定币使用了区块链技术，是一种特殊的加密货币。 好问题，这得从银行说起。 你存进去多少钱、花了多少钱、余额多少，都会记录在银行的中心数据库上，银行就相当于一个中心化的账本。 日常生活中，我们总会把钱存在银行，用银行卡来消费、投资。 ...

交易的根本是生存，其次才是收益，所以每次操作之前先想清楚自己的操作是否合理，本金是否安全，要形成一套属于自己的交易思路，不断优化完善，币 圈院士的建议虽然不能让你一夜暴富，但是能做到一直有你，只有在币圈长期生存下去并且坚持到最后的人，才能得到自己想要的结果，希望你能听懂， 别忘了，最黑暗的时刻往往是黎明前的时刻。在追逐梦想的路上，你永远不是孤单一人，你还有我 我是币圈院士一个一直在保护韭菜的战士，祝愿我的粉丝们在2025年实现财务自由，一起加油！ 币圈院士：2025.12.10以太坊（ETH）最新行情分析参考 北上试仓点3290到3240，防守3190，止损50点，目标看3340到3390，破位看3440到3490 以太坊现价3365，现在是北京时间凌晨三点半，信号确认了吗？很明显的北上信号，主力站稳3170以后直接旱地拔葱，日线涨幅达到了9.88%超过了大饼领 涨币圈，3380是上方趋势第一阻力位，我的意见是在这个位置获利了结出一部分，剩下的继续北上，目标看0.382一线和EMA120一线也就是3520之上 具体操作以盘口实时数据为主更多资讯详情可以资讯笔者，文章发布有延迟，建议仅供参考风险自担 本文由币圈 ...

11月底，一场由十三个核心部门参与的会议明确指出，包括稳定币在内的虚拟货币相关业务属于非法金融活动。这类虚拟货币无法满足客户身份识别和反洗 钱要求，已成为洗钱、诈骗的新工具。 政策转向 虚拟货币监管新阶段的开始，源于一场由金融管理部门牵头、多部门参与的专项会议。这场会议对虚拟货币，特别是稳定币的性质做出了前所未有的明确界 定。 稳定币作为一种试图锚定法定货币价值的虚拟货币，其流通规模已突破1840亿美元。会议直指其核心缺陷：无法有效满足客户身份识别、反洗钱等基本合规 要求。 这一表态并非突然之举，而是监管逻辑的延续和强化。自2013年将比特币定义为"特定虚拟商品"以来，中国对虚拟货币的监管持续收紧。 风险识别 此次监管升级主要针对三大风险。虚拟货币市场本身波动剧烈，仅2025年10月至11月，比特币价格就从12.6万美元暴跌至8.2万美元，导致大量投资者爆仓。 稳定币市场快速扩张，其发行机制和储备金透明度长期受到质疑。技术特性使稳定币极易被用于非法活动，它的交易匿名性强、地址可随意生成，缺乏有效 的客户身份识别入口。 2025年1月至10月，全国已查处47起稳定币相关诈骗案件，涉案金额高达56亿元。虚拟货币已 ...

Core Viewpoint - The recent surge in virtual currency investment is accompanied by significant risks, prompting regulatory bodies in China to issue warnings against the use of virtual currencies as legal tender and to highlight the dangers of speculative trading [1][3]. Group 1: Regulatory Actions - A joint risk warning was issued by seven associations, including the China Internet Finance Association, emphasizing that virtual currencies cannot circulate as money within China and that no tokenization of real-world assets has been approved [1][3]. - The People's Bank of China, along with other governmental departments, reiterated that virtual currency-related activities are illegal financial activities, specifically naming stablecoins and their inherent risks [3][4]. Group 2: Market Dynamics - The virtual currency market has seen increased speculative activities, with social media platforms like Xiaohongshu and Weibo promoting "coin trading" through posts from anonymous users claiming substantial profits [1][2]. - Bitcoin's price has experienced significant volatility, with a notable drop of 30% in mid-November and a further decline to below $89,000 in early December, leading to substantial losses for many investors [2][1]. Group 3: Investor Guidance - Investors are advised to avoid speculative trading in virtual currencies and to choose legitimate investment channels, such as licensed financial institutions, to safeguard their assets [5]. - The public is encouraged to report any suspicious virtual currency activities to regulatory authorities and to be vigilant against potential scams and illegal fundraising activities [5].

Core Viewpoint - The article discusses the recent joint efforts by seven associations in China to issue a risk warning against illegal activities related to virtual currencies and real-world asset tokens, emphasizing that these currencies are not recognized as legal tender and pose significant risks [3][4][5]. Group 1: Regulatory Actions - Seven associations, including the China Internet Finance Association and the China Banking Association, have issued a risk warning prohibiting their members from participating in virtual currency and real-world asset token activities within China [3][4]. - The People's Bank of China and 13 other departments have defined stablecoins as a form of virtual currency and are committed to combating illegal financial activities related to virtual currencies [3][4]. Group 2: Risks Associated with Virtual Currencies - The warning highlights that virtual currencies, such as π coins, lack substantial technological innovation and clear commercial applications, making them susceptible to fraud and market manipulation [5][6]. - The article notes that the volatility of virtual currencies, exemplified by Bitcoin's price fluctuations, can lead to speculative trading and illegal activities, including Ponzi schemes [7]. Group 3: Prohibitions for Financial Institutions - Financial institutions, including banks and payment service providers, are prohibited from offering services related to the issuance and trading of virtual currencies and real-world asset tokens [6]. - Internet platform companies are also barred from providing marketing or technical services for virtual currency activities, ensuring compliance with regulatory requirements [6].

Core Viewpoint - The People's Bank of China emphasizes the need to combat virtual currency trading and related speculative activities, highlighting the risks associated with various forms of virtual currencies and tokenization of real-world assets [1][2]. Group 1: Risk Warnings - Seven associations, including the China Internet Finance Association and the China Banking Association, jointly issued a risk warning regarding illegal activities related to virtual currencies, including false asset risks and speculative trading risks [1][2]. - The warning specifically includes risks associated with stablecoins and real-world asset tokens, which have gained popularity in 2025, with domestic companies participating in related activities in Hong Kong [2]. Group 2: Regulatory Actions - Financial management authorities in China have not approved any activities related to the tokenization of real-world assets, and engaging in such activities may lead to illegal financial operations [2][4]. - Institutions are prohibited from conducting any business related to virtual currencies and real-world asset tokens, and must not provide financial services or credit support to virtual currency mining projects [4]. Group 3: Public Awareness - The public is urged to remain vigilant against various forms of virtual currency and real-world asset token activities, as these are often associated with speculative trading and fraudulent schemes [4][5]. - Despite the prohibition of virtual currency trading, there are still reports of individuals attempting to recruit new users for virtual currency speculation through online platforms [4][5].