PBOC Introduces Separate Section on Crypto-Assets!

The post PBOC Introduces Separate Section on Crypto-Assets! appeared first on Coinpedia Fintech News

The People’s Bank of China has included a dedicated section on crypto-assets in its latest financial stability report, emphasizing the principle of “same business, same risks, same supervision” to promote consistency in supervision and reduce regulatory arbitrage. The report also mentions the Financial Stability Board (FSB) in a substantial paragraph on the regulation of crypto-assets, highlighting the need for global coordination in addressing the challenges posed by these assets. The PBOC’s decision to devote a separate section to crypto-assets reflects its increasing focus on regulating this emerging sector and its efforts to ensure financial stability and mitigate potential risks arising from crypto-assets.