According to China Net Investor, China’s virtual currency threatens the Yuan.

“The so-called “QQ” coin - issued by Tencent, China’s largest instant-messaging service provider - has become so popular that the country’s central bank is worried that it could affect the value of the yuan. Li Chao, spokesman and director of the General Office of the People’s Bank of China (PBOC), has expressed his concern in the Chinese media and announced that the central bank will draft regulations next year governing virtual transactions.”

… Tencent boasts more than 220 million users, and its QQ coins can be purchased with a bank, telephone or “QQ” card at an official price of 1 yuan (12.5 cents) per coin.