We only receive destruction from China
The very brief meaning:
The Chinese central bank warns of the return of risks associated with digital currencies and states that their use has increased in fraud, money laundering, and illegal transfers.
It also confirms that:
Stablecoins are unable to meet security and anti-money laundering conditions.
Digital currencies are not legal like official currencies and should not be used as currency.
The government will tighten laws and oversight to combat illegal activities associated with crypto.
In short: China is tightening its stance against crypto and considers it a risk, promising to suppress any illegal activities related to it.