People’s Bank of China Still Combating Virtual Currency, Stablecoin Trading

Chinese financial regulators reaffirm strict stance against cryptocurrency activities, emphasizing their illegal status and potential financial risks. On November 28, 2025, the People’s Bank of China convened a coordination meeting involving multiple government agencies, including the Ministry of Public Security, Cyberspace Administration, and financial regulatory bodies. The meeting addressed the recent resurgence of virtual currency […]