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China’s Central Bank Warns Stablecoins Still Carry Big Risks
China’s Central Bank Warns Stablecoins Still Carry Big Risks
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BTCCSquare news:
Stablecoins continue to draw scrutiny from global regulators despite their growing role in digital finance. Pan Gongsheng, Governor of the People’s Bank of China, highlighted the rapid evolution of VIRTUAL currencies at the 2025 Financial Street Annual Meeting, emphasizing that institutional stablecoins remain in an early, high-risk phase.
Financial stability concerns dominated discussions at the IMF and World Bank Annual Meetings, where officials flagged gaps in anti-money laundering controls and customer verification. The lack of compliance with traditional financial standards casts a shadow over the sector’s explosive growth.
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