The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins. China’s central bank has flagged stablecoins as a risk and has promised to refresh its crackdown on crypto trading, which it has banned since 2021. The People’s Bank of China said on Saturday, after a meeting with 12 other agencies, that “virtual currency speculation has resurfaced” due to various factors, posing new challenges for risk control. “Virtual currencies do not have the same legal status as fiat currencies, lack legal tender status, and should not and cannot be used as currency in the market,” the bank said, according to a translation of its statement. Read more The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins. China’s central bank has flagged stablecoins as a risk and has promised to refresh its crackdown on crypto trading, which it has banned since 2021. The People’s Bank of China said on Saturday, after a meeting with 12 other agencies, that “virtual currency speculation has resurfaced” due to various factors, posing new challenges for risk control. “Virtual currencies do not have the same legal status as fiat currencies, lack legal tender status, and should not and cannot be used as currency in the market,” the bank said, according to a translation of its statement. Read more
China reaffirms crypto ban after noticing ‘speculation has resurfaced’
The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins.
China’s central bank has flagged stablecoins as a risk and has promised to refresh its crackdown on crypto trading, which it has banned since 2021.
The People’s Bank of China said on Saturday, after a meeting with 12 other agencies, that “virtual currency speculation has resurfaced” due to various factors, posing new challenges for risk control.
“Virtual currencies do not have the same legal status as fiat currencies, lack legal tender status, and should not and cannot be used as currency in the market,” the bank said, according to a translation of its statement.
Read more
Market Opportunity
Comedian Price(BAN)
$0.08174
$0.08174$0.08174
USD
Comedian (BAN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Spanish Banking Powerhouse Santander Opens Doors To Crypto For The Public
Openbank, the online banking arm of Banco Santander, has started offering retail customers direct access to cryptocurrencies in Germany, according to company statements and market reports. Related Reading: American Express Turns Travel Memories Into NFT Passport Stamps The service lets users buy, sell and hold crypto inside their bank account, with trading available for Bitcoin, […]
Share
Bitcoinist2025/09/18 11:00
Will Bitcoin Make a New All-Time High Soon? Here’s What Users Think
The post Will Bitcoin Make a New All-Time High Soon? Here’s What Users Think appeared on BitcoinEthereumNews.com. Bitcoin has broken out of a major horizontal channel
Share
BitcoinEthereumNews2026/01/16 05:27
SWIFT Tests Societe Generale’s MiCA-Compliant euro Stablecoin for Tokenized Bond Settlement
The global banking network SWIFT successfully completed a pilot program using Societe Generale's regulated euro stablecoin to settle tokenized bonds.
Share
Brave Newcoin2026/01/16 05:30