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 […]
Source: https://news.bitcoin.com/peoples-bank-of-china-still-combating-virtual-currency-stablecoin-trading/