[Former Governor of the People's Bank of China: Exploring Cryptocurrency and Blockchain Technology, Key Lies in Meeting User Needs] Odaily Planet Daily News – Zhou Xiaochuan, former governor of the People's Bank of China, stated at the Boao Forum for Asia that cryptocurrency and blockchain technology can be explored, but the key lies in whether they meet user needs and practical scenarios. He pointed out that the advantages and disadvantages of payment systems do not depend on a single technology or performance but on overall adaptability. Zhou Xiaochuan also emphasized that regulation must continuously strengthen anti-money laundering and anti-fraud capabilities, noting that while digital currencies offer payment convenience, they are also used in illegal activities such as telecom fraud. Funds can be quickly split and transferred, increasing the difficulty of tracking. He further mentioned that stablecoins, to some extent, may bypass compliance checks, and the associated risks need to be carefully assessed. (Caixin)