Deputy Director of the State Administration of Foreign Exchange: We are paying attention to the impact of cryptocurrencies on capital flows and will improve our identification and monitoring capabilities

According to Foresight News, Li Bin, Deputy Director of the State Administration of Foreign Exchange of China, stated at the "Finding Monetary and Financial Stability in an Unstable World" sub forum of the Boao Forum for Asia that "the State Administration of Foreign Exchange is currently paying attention to the impact of cryptocurrencies on capital flows and will improve its ability to identify and monitor this issue. This is a very important topic, and we will conduct in-depth research in the future to continuously promote better work in this area