#中国加密新规 China's recent regulations on encryption focus on data security and the application of cryptographic technology. The core measures include: First, the People's Bank of China issued the 'Regulations on Data Security Management in the Business Sector of the People's Bank of China,' which clarifies the classification and hierarchical management of financial business data, requiring that highly sensitive data must be encrypted for storage and transmission, and any necessary exemptions must be uniformly regulated; Second, strengthen the application of commercial cryptographic technology, promote the popularization of SM2/SM3/SM4 algorithms in key areas such as finance and government affairs, and build an independently controllable encryption protection system; Third, improve the regulatory collaboration mechanism, clarify the responsibilities for data security collaboration with other competent departments, and support joint law enforcement inspections. At the same time, the new regulations continue the strict regulation of private cryptocurrencies, prohibiting trading and mining activities, and exploring cross-border payment scenarios for digital renminbi to balance technological innovation and financial stability.