Pan Gongsheng: The People’s Bank of China collaborates with law enforcement to combat virtual currency speculation

Pan Gongsheng noted that virtual currencies, especially stablecoins, are still developing.

Since 2017, the PBoC has released policies to mitigate speculation risks in virtual currency transactions.

The PBoC will work with law enforcement to counter virtual currency operations in China.

The PBoC will keep an eye on international stablecoin activities.