The Chinese financial guardians, clad in their bureaucratic armor, have once again declared war on the digital wilds, branding cryptocurrencies as the devil’s own ledger.
On a cold November day in 2025, the People’s Bank of China gathered its allies in a shadowy conference room, where whispers of Bitcoin and stablecoins echoed like forbidden hymns. The meeting, a grand spectacle of red tape and stern faces, aimed to crush the resurgence of crypto speculation, a trend as fleeting as a desert mirage.
The regulators, ever the vigilant shepherds, warned that virtual currencies are mere phantoms, not real money. Stablecoins, those tricky little chameleons, were singled out as the villains of the piece-prone to money laundering, fraud, and the sneaky art of moving cash across borders like a thief in the night. “Stay sharp!” they barked, as if the public were a pack of wolves waiting to pounce.
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🧭 FAQs
• What is China’s official stance on cryptocurrencies? Complete prohibition of virtual currency trading and related activities. 🤬
• Which agencies participated in the meeting? 13 government bodies, including People’s Bank of China and Ministry of Public Security. 🕵️♂️
• When was the meeting held? November 28, 2025. 🗓️
• What are the primary concerns about virtual currencies? Money laundering, fraud, and illegal cross-border fund transfers. 💸
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2025-12-01 13:57