TechFlow, on December 8, the Beijing Business Daily published an article titled "Behind the Joint Risk Alert from Seven Associations: Beware of Disorderly Innovation in the Virtual Currency Sector," pointing out that the joint risk alert issued by seven associations emphasized the risks associated with innovation activities in the virtual currency sector. Wang Peng, associate researcher at the Beijing Academy of Social Sciences, stated that stablecoins and tokenization of real-world assets—activities related to virtual currencies—carry significant potential risks beneath the guise of innovation, and could easily become tools for illegal financial activities, posing a substantial threat to financial security. Therefore, clearly defining such innovation activities and strengthening crackdowns is imperative. The operating space for virtual currencies and their related activities within the country will be further effectively compressed, and it remains necessary to continuously improve the cross-sector regulatory framework in the future.
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