In #中国加密新规 2025, China's regulation on cryptocurrency tightened further, completely banning private possession and trading of crypto assets, aimed at promoting the digital yuan (e-CNY) as the only legal digital currency. According to the latest policy, the People's Bank of China implemented a ban starting June 1 that covers trading, mining, and personal holdings, emphasizing financial stability and national security. The Shanghai State-owned Assets Supervision and Administration Commission recently discussed strategic responses to stablecoins and digital assets, hinting that regulation may loosen in specific pilot areas. Meanwhile, the revised Anti-Money Laundering Law incorporates crypto-related transactions into regulation, filling the legal gap in the prevention and control of money laundering involving digital assets. In the future, compliant enterprises need to focus on blockchain technology innovation and the international application of digital yuan to adapt to new opportunities under strict regulation.