Researchers from the CBRC – Li Wenhong and Jiang Zeshen – published the working paper on Wednesday entitled “The Study of Development and Regulations on Distributed Ledger Accounts, Blockchain and Digital Currency.”
Fully dedicated to regulatory studies on cryptocurrency, the paper summarized a variety of legal efforts made by different jurisdictions to govern activities related to blockchain, cryptocurrency, derivative trading as well as ICOs.
Therefore they must be put under relevant financial regulatory frameworks so that they can operate legally with a license.”
Though the paper states comments made by researchers don’t necessarily represent the institution’s stance, the suggestion is still notable given Chinese regulators have not mentioned in any capacity its thinking on a cryptocurrency license.
In addition, the paper suggests a potential framework for crypto-related activities should not be limited to just ICOs and trading.
Tether has consistently denied this, but has not produced conclusive evidence that it is reserved 1-for-1. An academic paper released last week supported this view, and the Commodity Futures Trading Commission reportedly subpoenaed Bitfinex and Tether in December.
There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system.
Ethereum price rally has reached a major $3,400 resistance zone, where multiple technical confluence levels raise the probability of rejection unless buyers reclaim the area with volume.
Pi Network price is compressing into a triangle apex above $0.20 support, with key confluence levels holding and breakout conditions developing as volatility tightens.
According to reports, global crypto exchange trading volume jumped to over $79 trillion in 2025, driven largely by futures and perpetual contracts. That surge pushed derivatives to claim most of the market’s activity, while spot trading grew at a much slower pace.
