中国人民银行

The People's Bank of China highlighted the importance of cryptocurrency regulation in its 2024 Financial Stability Report. In terms of cryptocurrency regulation, mainland China and Hong Kong have different attitudes.
China maintains a strict ban on cryptocurrency trading and mining, while Hong Kong is actively building its cryptocurrency licensing system, showcasing the two places’ different approaches to this emerging field.
Highlights of the 2024 China Financial Stability Report
In its 2024 Financial Stability Report, the People's Bank of China specifically pointed out that global attention to cryptocurrency regulation is increasing. The report mentioned that 51 jurisdictions around the world have imposed bans or major restrictions on cryptocurrency-related activities, showing the international community's attention to cryptocurrency regulation. At the same time, some countries are working to improve their regulatory frameworks to meet new challenges brought by the cryptocurrency industry.

On January 12, 2025, the Shanghai headquarters of the People's Bank of China held a grand annual work meeting, focusing on enhancing financial management and service levels, pointing the way for future financial development.

The meeting emphasized that the Shanghai headquarters of the People's Bank of China is continuously improving its financial management and service levels, committed to creating a more convenient and efficient financial service system. Among them, enhancing payment convenience has become one of the important topics. By continuously optimizing the payment environment, the Shanghai headquarters of the People's Bank of China will provide users with a smoother and safer payment experience.