Deputy Governor of the People's Bank of China: Some overseas illegal platforms transfer funds through channels such as virtual currency, creating a "resonance" of risks at home and abroad

BlockBeats News, September 17th. According to Caixin, Lu Lei, Deputy Governor of the People's Bank of China, revealed at the 14th China Payment and Clearing Forum that significant progress has been made in the interoperability of cross-border QR code payments. Alipay and Ant Group's Ant International have become the first batch of institutions to participate in the pilot operation of cross-border QR code unified gateway business.

Lu Lei emphasized that the systemic risk in the current payment industry is increasing. The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a "resonance" of risks at home and abroad, posing a challenge to China's foreign exchange management and financial security.