Central Bank: Strengthen regulation of virtual currency trading in 2026 and steadily develop the digital renminbi

The 2026 People's Bank of China work conference was held on January 5-6, summarizing the work of 2025. It pointed out that in 2025, efforts would be made to actively promote the reform and improvement of global financial governance, further enhance financial management and service levels, and advance the precise governance of "funding chains" related to fraud and gambling.

The conference emphasized strengthening the regulation of virtual currency transactions, enhancing cash supply security, and optimizing the management system of the digital renminbi. Key tasks for 2026 include: improving the infrastructure for the cross-border use of the renminbi, strengthening the regulation of virtual currencies, continuing to combat related illegal activities, deepening technological management and innovative applications, and steadily developing the digital renminbi.