特朗普当选或将引爆比特币市场，赔率与预测平台暗示胜算更高
CaptainX登录/ 注册
China Forces Banks to Report Crypto Activities in Bid to Protect Financial Stability
关注
China Tightens Scrutiny on Cryptocurrency Transactions
China has ramped up its crackdown on cryptocurrency trading with the introduction of stringent regulations requiring banks to monitor and report risky foreign exchange transactions.
This move, announced by the State Administration of Foreign Exchange (SAFE), signals Beijing's continued effort to exert control over digital assets.
Banks Ordered to Flag Suspicious Transactions
Under the new regulations, all Chinese banks must closely monitor foreign exchange activities.
Transactions linked to underground banking, cross-border gambling, and illegal cryptocurrency trading now fall under heightened scrutiny.
Banks are instructed to evaluate transactions by identifying parties involved, tracking the origins of funds, and assessing trading patterns.
SAFE emphasised that these measures aim to strengthen oversight of activities perceived as threats to financial stability.
China’s State Administration of Foreign Exchange (SAFE)
Local banks are also mandated to establish risk-control mechanisms and restrict access to services for flagged entities.
Cryptocurrency Activities Face Legal Challenges
The new rules offer another tool for authorities to clamp down on crypto trading.
Liu Zhengyao, a lawyer at Shanghai's ZhiHeng law firm, explained on WeChat,
“The new rules will provide another legal basis for punishing cryptocurrency trading. It can be foreseen that mainland China’s regulatory attitude towards cryptocurrencies will continue to tighten in the future.”
Liu also highlighted the increasing legal risks for those using yuan to purchase cryptocurrencies and subsequently exchange them for foreign fiat currencies, stating that such actions might now be treated as "cross-border financial activities involving cryptocurrencies."
This classification comes with stringent limitations, particularly when transaction amounts exceed legal thresholds.
A Decade of Restrictive Policies
China's crackdown on cryptocurrencies has been evolving since 2017.
That year marked the ban on initial coin offerings and the closure of domestic cryptocurrency exchanges.
The restrictions intensified in May 2021 when the People’s Bank of China (PBOC) declared all crypto-related transactions illegal.
Despite its official stance, China has managed to amass a significant Bitcoin reserve of over 190,000 BTC through asset seizures linked to illicit activities.
Source: Bitcoin Treasuries
This positions the country as the second-largest government holder of Bitcoin globally, following the United States.
Source: Bitcoin Treasuries
Debate Over Cryptocurrency’s Role in China
While the regulations reflect China’s cautious and restrictive approach to cryptocurrencies, some industry players advocate for a shift in perspective.
Justin Sun, the founder of the Tron blockchain, called for China to revisit its policies, stating in July 2024,
“China should make further progress in this area. Competition between China and the US in Bitcoin policy will benefit the entire industry.”
On the legal front, Chinese courts have acknowledged the "property attributes" of cryptoassets, recognising their legality for personal ownership.
However, this protection is limited; cryptocurrencies are not allowed as a medium of exchange or a business instrument under Chinese law.
Balancing Regulation and Potential Opportunities
Although mainland China remains firm in curbing cryptocurrency-related activities, the government has shown some flexibility in recognising the broader implications of digital assets.
For instance, the People’s Bank of China’s 2024 Financial Stability Report highlighted Hong Kong's leadership in cryptocurrency regulation and underscored the importance of developing robust global frameworks.
Beijing’s cautious yet firm stance underscores a broader effort to manage risks while acknowledging the financial sector's evolving landscape.
For now, the tightening grip on crypto trading reaffirms China’s prioritisation of stability over rapid adoption of digital assets.
了解更多行业报道，与作者、读者更深入探讨、交流，欢迎加入Coinlive社群：https://t.me/CoinliveSG
添加评论
登录留下您的精彩评论……
0 评论
最早的
加载更多评论
相关资讯
- CaptainX
朝韩局势紧张:比特币或成避险资产?
Alex特朗普在纳什维尔比特币大会发表比特币主题演讲，承诺将美国打造成世界加密之都
特朗普在纳什维尔比特币大会再次肯定比特币的重要价值，并将围绕比特币开展一系列发展计划。
WenJunOKX在telegram上推出比特币博彩游戏OKX Racer，下一步或将使用其原生代币OKB,OKT进行真实押注
OKX 的新 TMA 游戏 OKX Racer 提供了一种有趣且引人入胜的方式来预测比特币价格走势，旨在提高 Telegram 小应用平台上的社区参与度。
WenJun特朗普遇刺让比特币价格重回6万美元，加密市场进入春天
WenJun富爸爸穷爸爸作者罗伯特清崎：是时候购买更多比特币和黄金了
罗伯特清崎以其投资见解而闻名，他敦促增加对比特币和黄金的投资。他强调了最近的机构活动和市场状况，表明这些资产可以将当前的市场挑战转化为机遇。
ZeZheng苏里南总统候选人玛雅·帕尔博（Maya Parbhoe）将推广比特币为法定货币，使苏里南成为世界上第三个认定比特币为法定货币的国家
Dante加密货币市场复苏，比特币反弹至 59,000 美元以上；现货比特币 ETF 在 3 天内买入 6.54 亿美元的 BTC
随着比特币 ETF 大量活动的支撑，对德国比特币销售的担忧减弱，比特币反弹至 59,000 美元上方。
ZeZhengFTX还款是拯救市场的关键？分析师：160 亿美元的巨额资金进入，这将是价格上涨的最大催化剂
FTX 提议的还款可能会向市场注入 160 亿美元，被视为推动比特币和其他加密货币创下新高的关键因素。然而，持续的市场波动和监管考虑仍然存在不确定性。
ZeZheng德国政府穷疯了？在市场动荡中“德国政府”钱包再次转移1000枚BTC
因Mt. Gox赔偿和德国比特币的抛售引发了比特币大幅下跌，在市场动荡中“德国政府”钱包再次转移1000枚BTC。
ZeZheng
实时更新
- ETH跌破3200 USDT利好利空
热门资讯
Ethena USDe Market Supply on a Meteoric Rise Amidst ENA Token Slump: Will It Follow Other Stablecoins' Collapse?
Ethena made history with its USDe surpassing $3B just four months after launch. Its Sats campaign will continue until 2 September or until USDe supply reaches $5B. However, the ENA token has declined over 50% in the past month. Will Ethena's USDe follow the path of other high-profile stablecoin collapses?
CatherineIs Bitcoin Finally Ready for Web3? QED Protocol Might Hold the Key
QED Protocol, backed by $9 million in funding, enhances Bitcoin with scalable smart contracts using zero-knowledge proofs, aiming for faster transactions and broad Web3 application support. Led by Carter Feldman, QED aims to revolutionize Bitcoin's capabilities, potentially making it a cornerstone of the next-gen internet.
WeatherlySoccer Icon Lionel Messi Allegedly Backs Solana-Based WaterCoin (WATER): Are Meme Coins Next for SEC Scrutiny?
Soccer legend Lionel Messi is allegedly promoting Solana-based WaterCoin (WATER). However, as meme coin mania grows, celebrities endorsing these assets on Solana might be violating securities laws, attracting SEC scrutiny.
KikyoTrump Presidency Could Boost Solana ETF Approval Odds, Analysts Say, as BlackRock Joins VanEck and 21Shares in Filing
The race for a Solana ETF heats up with BlackRock reportedly considering joining VanEck and 21Shares in filing, signaling increased institutional interest. The SEC's decision, influenced by the upcoming U.S. election, could determine the ETF's fate by mid-March 2025.
AnaisNeon Token Gains Momentum with RollApps’ Introduction, Bridging Ethereum and Solana Ecosystems
Neon is a fully compatible EVM enabling developers to use Ethereum tools on Solana's high-speed, cost-efficient blockchain. The introduction of RollApps has seemingly boosted the value of the Neon token.
CatherineYuliverse’s $ART Listing Incoming, Can This Pokemon Go-Tinder Hybrid Live Up to the Hype?
Yuliverse is a pioneering gaming metaverse on Binance Smart Chain, blending social interaction with play-to-earn mechanics through $ART tokens, set for a major listing. Its innovative features, like the Moon Ring, aim to enhance player engagement and wellness.
WeatherlySoccer Star Ronaldinho Quenches Thirst, Follows Messi in Backing Water Coin: Potential Pump-and-Dump on the Horizon?
Solana-based Water Coin surged nearly 40% after Ronaldinho promoted it on Instagram, following Lionel Messi’s earlier endorsement. Industry critics warn a potential pump-and-dump may be on the horizon.
KikyoTelegram CEO Hails Hamster Kombat as Fastest-Growing Mini App with Over 4 Million New Users Daily
Pavel Durov, CEO of Telegram, champions Hamster Kombat, a game within Telegram that has quickly amassed 239 million users, showcasing Telegram's effective mini-app strategy and its potential for reshaping mobile gaming.
JoySophon Farming Period is Underway, Will You Qualify for a $SOPH Airdrop in Q3’s Launch?
Sophon has allocated 10% of its $SOPH supply to reward liquidity farming participants. Users can earn these rewards by depositing eligible assets into designated pools on the Ethereum mainnet, with farming extending to the Sophon mainnet upon its launch. Are you ready to qualify for a $SOPH airdrop?
CatherineBacked by Bitget Wallet, Is Tomarket the Next Hamster Kombat? – Learn How to Earn Free $TOMATO Points & Win Exclusive Rewards
Tomarket has rapidly grown to over 1.5 million players through its engaging Telegram "Drop Game" and strategic use of $TOMATO points for user rewards. Backed by Bitget Wallet and Foresight Ventures, it aims to revolutionize decentralized asset trading with a user-friendly interface and diverse market offerings.
Weatherly