#中美货币博弈

The 13 ministries of the country have mobilized! Coordinating mechanism to combat speculation in virtual currency trading! Please everyone prepare for prevention and control in advance! Avoid a major plunge in the crypto market! It is recommended to appropriately reduce positions in profitable long/spot trades!

On November 28, 2025, the People's Bank of China held a coordination mechanism meeting to combat speculation in virtual currency trading. Officials from the Ministry of Public Security, the Cyberspace Administration of China, the Central Financial Office, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the People's Bank of China, the State Administration for Market Regulation, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange attended the meeting.

The meeting pointed out that in recent years, various units have earnestly implemented the decisions and deployments of the Party Central Committee and the State Council. In accordance with the "Notice on Further Preventing and Dealing with Risks of Speculation in Virtual Currency Trading" jointly issued by the People's Bank of China and ten other departments in 2021, they have resolutely cracked down on speculation in virtual currency trading and rectified the chaos in the virtual currency market, achieving significant results. Recently, due to various factors, speculation in virtual currencies has risen, and related illegal activities have occurred from time to time, posing new situations and challenges for risk prevention and control.

The meeting emphasized that virtual currencies do not have the same legal status as fiat currencies, do not have legal tender status, and should not and cannot be circulated as currency in the market. Activities related to virtual currencies are considered illegal financial activities. Stablecoins are a form of virtual currency that currently cannot effectively meet requirements for customer identification, anti-money laundering, etc., and there is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers.

The meeting requires all units to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, comprehensively implement the spirit of the 20th National Congress of the Communist Party of China and the previous plenary sessions of the 20th Central Committee, regard risk prevention and control as the eternal theme of financial work, continue to uphold the prohibitive policy on virtual currencies, and persistently crack down on illegal financial activities related to virtual currencies. All units should deepen coordination, improve regulatory policies and legal basis, focus on key links such as information flow and capital flow, enhance information sharing, further improve monitoring capabilities, severely crack down on illegal criminal activities, protect the property safety of the people, and maintain the stability of the economic and financial order.

The above information is for friendly reminder only and should not be used as a basis for investment transactions! Please treat it rationally! Make your own decisions! Wishing everyone good luck! Steady profits!