Li Bin, Deputy Director of the State Administration of Foreign Exchange: We are paying close attention to the illegal cross-border fund transfers usi

Li Bin, Deputy Director of the State Administration of Foreign Exchange, stated at the Boao Forum for Asia sub-forum on "Seeking Currency and Financial Stability in an Unstable World" that the State Administration of Foreign Exchange pays close attention to the impact of digital RMB on monetary policy transmission and capital flows, as well as to the use of virtual currency for illegal cross-border fund transfers, and is enhancing its ability to identify and monitor this.