Xiao Wei: Stabilizing the currency really wants to 'stable' and must accept strict supervision to remove its inherent risks.

On October 17-18, 2019, Yi Gang, the president of the People's Bank of China, and Chen Yulu, the deputy governor of the People's Bank of China, attended the ministerial and deputy-level meetings of the G20 finance and central bank in Washington, DC. The meeting unanimously agreed to issue the G20 statement on stable currency. Today, the policy and risk of stabilizing the currency Xiao Xiao, director of the Bank of China Law Research Association, said in an interview that the policy and regulatory risks of the stable currency are generally derived from two aspects: one is the stabilization of the currency as decentralized Digital currency itself has potential risks such as fraud and money laundering, and the other is increasingly strict supervision. These two aspects are the two sides of the problem of stabilizing the currency. If the stable currency really wants to 'stable', then it must accept strict supervision to remove its inherent risks. ”