TechFlow news, on March 28, according to Securities Times, Li Bin, Deputy Director of the State Administration of Foreign Exchange (hereinafter referred to as "SAFE"), addressed the impact of digital currencies, virtual currencies, or cryptocurrencies on capital flows during the Boao Forum for Asia's sub-forum titled "Seeking Monetary and Financial Stability in an Unstable World."
He stated: "SAFE is closely monitoring the situation and enhancing our capabilities in identifying and tracking these developments. This is a very important issue. We will continue to conduct in-depth research and constantly advance related work to make it more effective."
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