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

Chinese fiscal regulators reaffirm strict stance against cryptocurrency activities, emphasizing their amerciable presumption and imaginable fiscal risks. On November 28, 2025, the People’s Bank of China convened a coordination gathering involving aggregate authorities agencies, including the Ministry of Public Security, Cyberspace Administration, and fiscal regulatory bodies. The gathering addressed the caller resurgence of virtual currency […]