#中国加密新规 2025 China Crypto Regulatory Policy Update!

China continues to strengthen its control over the cryptocurrency market. Regulators have explicitly required securities firms and research groups to cease publishing research results related to stablecoins and prohibit holding seminars on related topics to prevent speculative risks in digital assets. Among the local initiatives being implemented simultaneously, the Shanghai State-owned Assets Supervision and Administration Commission held a special meeting to discuss the regulatory framework for stablecoins and digital currencies. Companies such as JD.com and Ant Group are accelerating the development of RMB-pegged stablecoins and plan to apply for compliant operating licenses in Hong Kong.

At the national regulatory level, the new Anti-Money Laundering Law officially came into effect on January 1, 2025. The new regulations mandate that banks, payment institutions, and other institutions implement enhanced monitoring and reporting mechanisms for cross-border virtual currency transactions and large-scale capital flows. Overall, China adheres to the core principle of "de-cryptocurrency, retaining blockchain," using a dual approach of technical blocking and legal oversight to strictly control abnormal capital outflows and systemic financial risks.