The People's Bank of China, along with eight other government departments, has issued a notice aimed at further preventing and managing risks associated with virtual currencies. The notice, identified as Yinfa [2026] No. 42, underscores China's ongoing efforts to regulate the cryptocurrency sector and mitigate potential financial risks. This move reflects China's continued stringent stance on virtual currencies, following previous measures to curb cryptocurrency trading and mining activities within the country. The notice is part of a broader strategy to ensure financial stability and protect investors from the volatility and risks inherent in the cryptocurrency market.