#中国加密新规 New regulations related to cryptocurrencies in China continue to tighten, combining data security and anti-money laundering requirements. In September 2024, the State Council will issue the 'Regulations on the Management of Cyber Data Security,' which will take effect in January 2025, strengthening the implementation of the 'Data Security Law' and the 'Personal Information Protection Law.' Enterprises must achieve cross-border transmission of personal information through security assessments, certifications, or standard contracts, and conduct impact assessments. Cryptocurrency trading remains strictly restricted; following the ban in 2021, regulatory focus has shifted to stablecoins and the Web3 sector to prevent money laundering and illegal financing risks. The central bank is promoting the digital yuan and prohibiting payment functions of other cryptocurrencies. Enterprises must comply with anti-money laundering regulations and report large and suspicious transactions. In the future, there may be further regulation of blockchain technology applications, emphasizing data sovereignty and security. Relevant policy details can be referenced on the official websites of the National Internet Information Office and the central bank, while specific prices or details should be checked on x.ai or official channels.