China's central bank reaffirms crypto ban, flags stablecoins

misha · 2025-11-30T22:26:30.000Z

PBoC says virtual currency activity remains illegal and warns stablecoins pose money laundering, fraud and cross-border payment risks

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theblock.co theblock.co China's central bank reaffirms crypto ban, flags stablecoins submitted bymisha13,18311mo0 views0 clicks 2 Ask in ChatGPT Ask in Claude Read original article
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2 comments tim· 11 months ago· 11 months ago Interesting, didn‘t see this on other platforms. So maybe that‘s related to this week‘s dump? mishaSubmitter· 11 months ago· 11 months ago I see multiple articles speculating that the sell off has smth to do with something Asia, maybe Japan: https://www.wsj.com/economy/central-banking/bitcoin-falls-as-prospect-of-rate-rise-in-japan-spooks-investors-fa092c73

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