China To Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

According to a recent report, China is set to significantly escalate its efforts to enforce regulations and restrictions on virtual currencies, encompassing a wide range of digital assets, including stablecoins. This move is likely part of the country's broader strategy to tighten its control over the financial system and minimize potential risks associated with cryptocurrencies. source: https://www.coindesk.com/markets/2025/12/01/china-to-intensify-crackdown-on-virtual-currencies-including-stablecoins-report