The post Crypto News: New Policy Talks Signal China Crackdown on Crypto and Stablecoins appeared on BitcoinEthereumNews.com.

China plans stricter crypto rules as PBOC leads talks to curb stablecoin use and revive enforcement after 2021 ban.   China is reinforcing its tough stance on digital assets as new policy talks point to upcoming enforcement against stablecoin and crypto payments. Authorities have raised concerns over the rise in illegal financial activities tied to virtual currencies. This move follows fresh efforts by regulators to coordinate and monitor the financial system more closely. Regulatory Agencies Meet to Discuss New Enforcement Measures The People’s Bank of China (PBOC) recently held talks with multiple state agencies to address growing concerns about crypto activity. Officials from the Ministry of Public Security, the Cyberspace Administration, and other departments were present. They focused on designing a new approach to handle virtual currency-related risks. JUST IN: 🇨🇳 China’s PBOC says virtual assets, including stablecoins, are not legal tender and related activities are illegal due to KYC, AML, and cross-border risk concerns. pic.twitter.com/l0JukYJ0Jj — Whale Insider (@WhaleInsider) November 29, 2025 Authorities stated that trading and speculation had returned despite the 2021 nationwide ban. They said that new types of fraud and cross-border payments involving stablecoins had surfaced. Officials believe these activities continue to pose challenges to the country’s financial security and legal system. During the meeting, regulators emphasized that virtual assets are not recognized as legal tender. They warned that using them for payments or investments remains illegal under Chinese law. The central bank called for tighter control and enforcement moving forward. Stablecoin Anonymity Draws Fresh Scrutiny Officials raised new concerns about the use of stablecoins, especially regarding their anonymous nature and use in illegal transactions. They stated that stablecoins make it difficult to track users, which could enable scams and illegal fundraising schemes. Authorities are now prioritizing stronger identification systems for crypto-related transactions. Regulators also discussed…

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Filed under: News - @ November 30, 2025 4:18 am