US EditionPeople’s Bank of China Still Combating Virtual Currency, Stablecoin Trading
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12 Articles
China Reasserts Total Crypto Ban as PBoC Targets Stablecoins and Underground Activity News ETHNews
China’s central bank has issued one of its strongest warnings in years against digital assets, reaffirming that all virtual currencies, including stablecoins, remain strictly prohibited on the mainland. The renewed stance follows a high-level, multi-agency meeting in late November 2025, where the People’s Bank of China (PBoC) and senior regulators voiced escalating concerns about the resurgence of illegal crypto activity despite the nationwide b…
The People's Bank of China (PBOC) handed over cryptocurrency in its viewfinder this Friday, November 29th at a coordination meeting. The reason? The Bank notes a return of speculation on cryptocurrency in the country, but not only: it warns especially about stablecoins, accused of promoting money laundering and illegal money transfers. The article China once again wants to crack down on cryptocurrency... and targets stablecoins appeared first on…
The People's Bank of China (PBoC) has issued another stern warning against crypto asset activity, asserting that all forms of digital currency use are illegal.
The People's Bank of China held a meeting on November 28 with 13 government departments to reiterate its crackdown on cryptocurrencies.
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