💡 Core Viewpoints Interpretation

1. Legal Definition Clarified: It is reiterated that virtual currency is not currency, does not possess legal tender status, and cannot circulate as currency; related activities are all considered illegal financial activities.

2. Regulatory Boundaries Tightened: Not only is domestic virtual currency trading, exchange, issuance, and financing prohibited, but it is also explicitly forbidden for foreign institutions to provide related services domestically, as well as the issuance of stablecoins pegged to the Renminbi abroad; the regulatory scope is further expanded.

3. Risk Warnings Clarified: Investors are reminded once again that participating in virtual currency trading and speculation does not protect their rights under the law; they must be cautious of high risks and should not blindly follow trends.