Futures
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One platform for global traditional assets
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Regulatory Emergency: The People's Bank of China and seven other departments issued a notice on further preventing and resolving risks related to virtual currencies and other issues (Yinfa(2026)42).
The notice clarifies the essential attributes of virtual currencies, real-world asset tokenization, and related business activities. Virtual currencies do not have the same legal status as legal tender.
Virtual currencies such as Bitcoin, Ethereum, Tether, and others are characterized mainly by being issued outside of monetary authorities, utilizing encryption technology and distributed ledger or similar technology, and existing in digital form. They do not have legal tender status and should not and cannot be used as currency for circulation in the market.