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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Former Vice Governor of the People's Bank of China: Regulation of stablecoins needs to address two core issues: monetary attributes and vesting hierarchy.
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.