When it rains, it pours. How come the five ministries are back again? The relevant persons in charge from the People's Bank of China and the China Securities Regulatory Commission answered questions from reporters regarding the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Activities." They stated that, regarding virtual currencies, the domestic policy stance has long been to maintain a ban on related business activities. In 2013, the People's Bank of China and four other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clearly defined Bitcoin as a specific virtual commodity that cannot and should not be used as currency in the market. The 2021 "Notice on Further Preventing and Disposing of Risks from Virtual Currency Trading and Speculation" further clarified that Bitcoin, Ethereum, and stablecoins like Tether do not have the same legal status as fiat currency. Conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited. The "Notice" continues the policy stance of recent years, reaffirming that virtual currencies do not have the same legal status as fiat currency. Engaging in virtual currency-related activities within the country is illegal financial activity, and overseas entities and individuals are prohibited from providing virtual currency-related services to domestic entities in any form.