TechFlow news, on June 25, according to Caixin, Li Bo, Vice President of the International Monetary Fund (IMF) and former deputy governor of the People's Bank of China, said at the 2025 Summer Davos Forum that two core issues in stablecoin regulation urgently need to be addressed: first, whether stablecoins are currencies or financial assets; second, if classified as currency, whether they belong to broad money M2 or cash-like M0. Li Bo noted that countries around the world are actively exploring legal and regulatory frameworks for stablecoins, but further global consensus is still needed. He emphasized that different classifications will correspond to different legal and regulatory requirements, including mechanisms such as anti-money laundering.
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