Former Vice Governor of the People's Bank of China: Regulation of stablecoins needs to address two core issues: monetary attributes and vesting hierarchy.

GateUser-6433627c · 2025-06-25T08:53:44+00:00

On June 25, according to Caixin, Li Bo, deputy managing director of the International Monetary Fund (IMF) (IMF) and former deputy governor of the People's Bank of China, said at the 2025 Summer Davos Forum that stablecoin regulation faces two core issues that need to be solved urgently: first, whether stablecoins are monetary or financial assets; Second, if it is identified as a currency, whether it belongs to broad money M2 or cash M0. Li Bo pointed out that countries around the world are actively exploring the legal and regulatory framework for stablecoins, but the global consensus needs to be further condensed. He stressed that different attribute determinations will correspond to different legal and regulatory requirements, including the construction of anti-money laundering and other mechanisms.

GateUser-6433627c

2025-06-25 08:53:44

On June 25, according to Caixin, Li Bo, Vice President of the International Monetary Fund (IMF) and former Vice Governor of the Central Bank of China, stated at the Summer Davos Forum in 2025 that the regulation of stablecoins faces two core issues that need to be addressed: first, whether stablecoins are classified as currency or financial assets; second, if classified as currency, whether they fall under broad money M2 or cash-like M0. Li pointed out that countries around the world are actively exploring legal and regulatory frameworks for stablecoins, but a global Consensus has yet to be further consolidated. He emphasized that different property classifications will correspond to different legal regulatory requirements, including the construction of mechanisms such as AML.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.