China Signals That Cryptocurrency Printing Will Continue!

Recently, at the 2021 China Beijing Digital Finance Forum, Zhou Xiaochuan, vice president of the Boao Forum for Asia, chairman of the China Finance Association, and former central bank chairman, said that traditional surveillance is no longer enough to get things done. With the intensification of money laundering activities, Zhou Xiaochuan turned his eyes back to cryptocurrencies. This statement shows that the country can continue to fight money laundering activities using cryptocurrencies, according to experts.

China has announced that it will continue the war with cryptocurrencies!

According to former central bank governor Zhou Xiaochuan, traditional surveillance methods are no longer sufficient to combat the growing cryptocurrency laundering activity. Zhou Xiaochuan said, “The use of new digital technologies in surveillance can play a more important and critical role in customer identification and illegal transactions in combating money laundering.” said.

Zhou Xiaochuan

Regulators and anti-money laundering obligations should strengthen oversight through new technical tools and fulfillment of anti-money laundering obligations. This is also an important trend in future developments. According to the official, regulatory technology practices should be strengthened and big data, artificial intelligence (AI), cloud computing and other technologies should be actively used to enrich financial regulation and improve the ability to identify, prevent and address cross-industry and cross-market risks.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on do not constitute investment advice. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. Therefore, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.