On 15 September 2021, the People’s Bank of China, together with nine other governmental departments, jointly issued the Notice on Further Preventing and Handling the Risk of Speculation in Virtual Currency Transactions.

For a little over a year now, the financial sector has been occupied with the need for resilience in the face of the challenges posed by the pandemic, but we are now swiftly and surely moving into the reform and renewal stages of recovery. It’s now time to reflect on what is changing as well as the lessons we have learnt so that the financial sector can continue to best serve and support its clients and markets.