#中国加密新规 1. Mechanism for the Disposal of Involved Virtual Currencies: Multi-departmental Coordination to Ensure Orderly Completion According to Process Design. The multi-departmental coordination established by agreement can ensure the orderly completion of various aspects such as the transfer, inquiry, trading, settlement, and accounting of virtual currencies. After multiple validations, all preparatory work has been completed. On March 29, the Legal Affairs Team guided the Shunyi Branch to sign a (Virtual Currency Disposal Business Agreement) with the Beijing Stock Exchange. 2. China's Cryptocurrency Policy: Strictly Prohibiting Due to Strategic Considerations. News on August 3 states that the information circulating in the community about 'China once again officially prohibiting cryptocurrency trading and mining' may be false. Recently, no relevant bans have been announced. The Chinese government fully prohibited cryptocurrency mining activities as early as 2021. An insider stated during an interview related to stablecoins that China currently does not have a globally influential public chain. Another insider suggested that national-level main public chains should be led by state-owned enterprises, while the construction of industry-level public chains could open to market competition. One insider remarked: The public chain is the infrastructure for stablecoin issuance, which is of great significance and indispensable for constructing a self-controllable, safe, and efficient financial infrastructure system in the digital financial era.