#中国加密新规 Below is a 200-word summary of the latest developments in China's cryptocurrency policy in 2025:

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In 2025, China continues to strictly control the cryptocurrency market. Regulatory agencies have required brokerages and think tanks to stop publishing and promoting research reports and seminars on stablecoins to curb the risks of digital asset speculation. Meanwhile, the Shanghai State-owned Assets Supervision and Administration Commission held relevant meetings to discuss policy responses to stablecoins and digital currencies. Some companies (such as JD.com and Ant Group) are actively promoting the issuance of renminbi-pegged stablecoins and plan to apply for licenses in Hong Kong. Additionally, the newly revised Anti-Money Laundering Law at the national level will take effect on January 1, 2025, requiring banks, payment institutions, and others to strengthen monitoring and reporting of cross-border and large transactions in virtual currency trading. Overall, China adheres to the principle of 'keeping the blockchain while eliminating the currency,' using technological barriers and strict regulatory measures to prevent capital outflow and financial risks.

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If you need a deeper understanding of aspects such as the digital renminbi, Hong Kong's stablecoin system, or the judicial treatment of crypto assets, I can continue to assist you.