BlockBeats News, June 25th, according to Caixin, Li Bo, Deputy Managing Director of the International Monetary Fund (IMF) and former Deputy Governor of the People's Bank of China, stated at the 2025 Summer Davos Forum that stablecoin regulation faces two core issues that need to be addressed urgently: First, whether stablecoins belong to currency or financial assets; second, if identified as currency, whether they belong to broad money M2 or narrow money M0. Li Bo pointed out that countries around the world are actively exploring legal and regulatory frameworks for stablecoins, but global consensus still needs to be further consolidated. He emphasized that different attribute identifications will correspond to different legal and regulatory requirements, including the establishment of anti-money laundering mechanisms.