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As the latest domestic carrier adopting the digital renminbi recently, Xiamen Airlines has charted more plans to expand such services in air travel-related scenarios.

Citing a notice made public in September by the People's Bank of China and nine other government departments, Meng said virtual currency does not have the same legal status as legal tender, and that business activities related to virtual currency are illegal.

It is necessary for the financial institutions to analyze the transaction characteristics of virtual-currency speculation, increase technological input, and improve models for monitoring abnormal transactions, the central bank said.

China should maintain its hard line on controlling virtual currencies to prevent wild speculation that may cause major financial losses to investors, according to experts.

Chinese industrial associations of internet finance, banking, and payment and clearing on Tuesday issued stern warnings on the risks of virtual currencies.