#ChinaShapesCryptoRules China is intensifying its regulatory framework for cryptocurrencies, signaling a strategic approach rather than a blanket ban. Here’s the breakdown:
1. Regulatory Focus:
Tightening oversight on crypto trading platforms, particularly those serving domestic investors.
Strengthening anti-money laundering (AML) and know-your-customer (KYC) requirements.
Monitoring cross-border crypto transactions and stablecoins to mitigate systemic financial risks.
2. Policy Drivers:
Protecting the domestic financial system from speculative crypto volatility.
Promoting digital yuan adopti