It is a 3/4  BIS central bankers' speeches  fact that cryptocurrencies are digital assets – not currencies, and that they need to be regulated as such. As the ECB president Ms Lagarde recently said, all actors in the financial sector and the regulatory authorities should call things by their real name.
It should be noted in this context that the NBS was among the first to adopt a law regulating the terms and conditions of trade in cryptocurrencies, i.e. digital assets. (Slide 8) Despite all the challenges, we are ready to take big strides to support development potentials.