中国人民银行在最新纪要中指出，自2021年禁止虚拟资产后，投机与相关犯罪活动仍周期性出现，并首次将稳定币界定为无法满足身份识别与反洗钱要求的虚拟货币，强调其在非法募资与跨境资金转移中的风险。声明重申所有虚拟资产相关业务均属非法金融活动，并将延续全面打击以维护金融稳定。

受此影响，香港加密相关股票出现显著波动。持有超过4,000枚 Bitcoin 的 Boyaa Interactive 盘中下跌最多9%，加密交易平台 OSL Group 下跌6.5%，尽管恒生指数上午上涨0.8%。该表态与前 PBOC 行长 Zhou Xiaochuan 关于稳定币威胁金融稳定的观点一致，与香港推动由持牌机构发行稳定币的策略形成对比。

近期多起与中国相关的跨国加密案件强化了大陆监管取向。美方在指控 Chen Zhi 涉嫌电信诈骗与洗钱的案件中指出价值约130亿美元的 Bitcoin 被盗；英国法院则判处 Qian Zhimin 因在中国经营加密庞氏骗局而获罪，警方查扣逾60亿美元 Bitcoin。PBOC 最终强调将持续维持禁止立场并严打非法金融活动以保障经济与金融体系安全。

The People’s Bank of China stated in its latest minutes that despite the 2021 ban on virtual assets, speculation and related criminal activity continue to resurface, and for the first time labeled stablecoins as virtual currencies unable to meet identification and anti–money laundering standards, highlighting risks in illicit fundraising and cross-border flows. It reaffirmed that all virtual-asset-related business constitutes illegal financial activity and that enforcement will continue.

Hong Kong crypto-linked equities reacted sharply. Boyaa Interactive, holding over 4,000 Bitcoins, fell as much as 9%, and exchange operator OSL Group dropped 6.5%, while the Hang Seng Index rose 0.8% in the morning session. The stance aligns with former PBOC Governor Zhou Xiaochuan’s stability concerns and contrasts with Hong Kong’s push for licensed stablecoin issuance.

Recent cross-border cases have reinforced Beijing’s position. U.S. authorities tied about USD 13 billion in stolen Bitcoin to allegations against Chen Zhi, while U.K. police seized more than USD 6 billion in Bitcoin from Qian Zhimin’s China-based Ponzi scheme. The PBOC concluded that it will maintain its prohibitive policy and intensify action to safeguard economic and financial stability.