Deep Tide TechFlow news, on December 30, according to The Block, the People's Bank of China has, for the first time, specifically established a chapter on cryptocurrency regulation in its latest released "2024 Financial Stability Report," pointing out that 51 jurisdictions worldwide have implemented bans or restrictions on crypto assets. The report particularly highlights Hong Kong's active exploration of a cryptocurrency licensing system, requiring major financial institutions such as HSBC and Standard Chartered Bank to include cryptocurrency trading in their regular customer supervision.

The report indicates that while the correlation between crypto activities and systemically important financial institutions, core financial markets, and infrastructure may be limited, as the application of cryptocurrencies increases in payment and retail investment scenarios, some economies may face risks. The central bank stated that it is working with the Financial Stability Board (FSB) to improve the international regulatory framework for crypto assets.