The Central Bank convened a conference again this time to name Virtual Money, with a high standard: the Public Security, the Cyberspace Administration, the Supreme Court, and the Supreme Procuratorate all attended.

The core idea is actually very straightforward. Recently, the market has gained momentum, speculation has risen, funds are in disarray, and there have been more illegal incidents. Therefore, regulators need to clarify their stance once again. The domestic policy on Virtual Money remains prohibitive and has not changed, nor will it suddenly shift.

This time, stablecoins were specifically mentioned, and the reason is quite practical: KYC is not thorough, funds can cross borders, and there are ways to bypass routes on the chain, which in the eyes of regulators is a natural amplifier of AML risks.

So whether it's $USDT , $USDC , or others, as long as it's in the narrative of the Chinese market, it is essentially the same type of risk asset.

The signals from this meeting can be summarized in three sentences:
1. As the popularity rises, regulation will tighten.
2. Prohibition attitude will not loosen,
3. The capital flow and information flow links will continue to be closely monitored.

For the market, such statements are not new, but bringing them up each time indicates that regulators have indeed noticed the recent fluctuations in funds.

In the short term, this will bring a little emotional cooling to the relevant market in the mainland.

But the long-term logic remains unchanged; regulation will manage it, while the market will continue to follow its own cycle.

This is not a new policy; it just reiterates the old attitude, reminding everyone not to mistake the rebound for relaxation.

#央行 # Virtual Money Regulation #Stablecoin