Li Bin, Deputy Director of the State Administration of Foreign Exchange: We are paying close attention to the illegal cross-border fund transfers using virtual currencies

03/28 04:44

Wechat scan to share

Li Bin, Deputy Director of the State Administration of Foreign Exchange, stated at the Boao Forum for Asia sub-forum on "Seeking Currency and Financial Stability in an Unstable World" that the State Administration of Foreign Exchange pays close attention to the impact of digital RMB on monetary policy transmission and capital flows, as well as to the use of virtual currency for illegal cross-border fund transfers, and is enhancing its ability to identify and monitor this.

Comments

All Comments

Recommended for you

Vincent Tabora · 05/10 22:18

El Salvador stacks 7 Bitcoin in last week, despite IMF deal

The country continues to acquire more Bitcoin for its strategic reserve and has embraced technical innovation to fuel economic growth.
CointimeSG · 05/09 10:10

FEC has secured a major sponsorship at Nexus2140: AI·Web3·Ecom Global Expo, to joinly create a new vision for tech-driven consumer transformation

Let Nexus2140 be the launchpad where FEC and global partners co-create a new chapter in technology-enabled commerce. Seize the momentum of innovation and unlock boundless potential in the digital economy.
Mint Blockchain · 05/09 09:45

Mint Blockchain × Chainlink Strategic Partnership: Empowering Cross-Chain Innovation

We are thrilled to announce the strategic partnership between Mint Blockchain and Chainlink, the industry-leading decentralized oracle network.
Jesse Hamilton · 05/09 09:45

Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester

Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.
cointelegraph · 05/09 09:43

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

The $38 million crypto seizure from Bybit hack-linked eXch was the third-largest crypto confiscation in the history of Germany’s federal criminal police.
Ciaran Lyons · 05/09 07:49

Ether clocks ‘insane’ 20% candle post Pectra — a turning point?

Ether has surged following the Pectra hard fork, with analysts suggesting a growing number of long positions could signal a turnaround for the asset.
Stephen Moore · 05/09 07:47

SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court.
cointelegraph · 05/08 08:30

60K Bitcoin addresses leaked as LockBit ransomware gang gets hacked

“Don’t do crime CRIME IS BAD xoxo from Prague,” the hackers wrote as they gave the LockBit ransomware gang a taste of their own medicine.
The Block · 05/08 07:15

Arizona becomes second US state to enact crypto reserve bill

Arizona Governor Katie Hobbs signed House Bill 2749 into law on Wednesday.The bill enables the integration of crypto assets into Arizona’s unclaimed property framework by establishing a crypto reserve fund.
Stephen Moore · 05/08 07:14

US banks can handle customer crypto assets held in custody, regulator confirms

StarkWare general counsel Katherine Kirkpatrick Bos said the OCC has shifted its approach and now appears to favor a focus on integrating crypto within banking frameworks.