Li Bin, deputy director of the State Administration of Foreign Exchange, said at the "Finding Monetary and Financial Stability in an Unstable World" sub-forum of the Boao Forum for Asia that the State Administration of Foreign Exchange is highly concerned about the impact of the digital yuan on monetary policy transmission and capital flows. It is also highly concerned about the use of virtual currencies for illegal cross-border fund transfers, and is improving its ability to identify and monitor in this regard.