The People's Bank of China: Continue to adhere to the prohibitive policy on virtual currencies and continue to crack down on illegal financial activities related to virtual currencies
2025-11-29 07:06:09
The People's Bank of China held a meeting on the coordination mechanism for combating the speculation of virtual currency transactions. The meeting required that all units should adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the 20th Plenary Session, take risk prevention and control as the eternal theme of financial work, continue to adhere to the prohibition policy on virtual currencies, and continue to crack down on illegal financial activities related to virtual currencies. All units should deepen coordination and cooperation, improve regulatory policies and legal basis, focus on key links such as information flow and capital flow, strengthen information sharing, further enhance monitoring capabilities, severely crack down on illegal and criminal activities, protect people's property safety, and maintain economic and financial order and stability.
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