Today, it was learned from the Central Bank of China that recently, due to multiple factors, speculation and hype around Virtual Money have increased, and related illegal activities have occurred from time to time. Risk prevention and control are facing new situations and challenges. In the future, departments like the Central Bank will continue to crack down on illegal financial activities related to Virtual Money.

Stablecoins carry risks of being used for illegal activities such as money laundering and fundraising fraud. Departments such as the Central Bank have stated that virtual money does not have the same legal status as legal currency, does not possess legal tender status, and should not and cannot circulate as currency in the market. Activities related to virtual money fall under illegal financial activities. Stablecoins are a form of virtual money and currently cannot effectively meet requirements for customer identity verification, anti-money laundering, and other aspects, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. #成长值抽奖赢iPhone17和周边 #Gate广场圣诞送温暖