[Former Governor of the People's Bank of China Zhou Xiaochuan: Cryptocurrency and Blockchain Technology Can Be Discussed, Key Lies in User Experience] According to Deep Tide TechFlow, on March 27, Caixin reported that Zhou Xiaochuan, former governor of the People's Bank of China, stated during his attendance at the Boao Forum for Asia 2026 Annual Conference yesterday that a good payment system is not about excelling in a single technology or feature. Just as instant payment is not necessarily the best, the most important aspect is 'adaptability.' He emphasized that regulation must address anti-money laundering, prevent drug trafficking, cross-border gambling, telecom fraud, and other issues. At the annual conference, several central bank governors mentioned that current payment systems utilize digital currencies, but fraud also heavily relies on digital currencies, and 'to a significant extent.' Zhou Xiaochuan believes that anti-fraud capabilities still need continuous improvement. When discussing the topic of regulatory adaptability, Zhou Xiaochuan once again mentioned stablecoins. He noted that proceeds from telecom fraud are immediately split into hundreds or thousands of accounts upon receipt to evade compliance checks, making it difficult to recover losses afterward. 'Stablecoins fundamentally bypass compliance checks. Everyone needs to think this through clearly and not blindly follow trends.' Zhou Xiaochuan also emphasized that cryptocurrency and blockchain technology are worth exploring, but this does not mean that 'peer-to-peer' or 'decentralization' are inherently positive. Nor should it be hastily concluded that the use of correspondent banks and SWIFT messages in traditional backend systems is outdated. The key lies in adapting to the user's experience.