#BinanceBlockchainWeek $BTC

🔹 Latest Cryptocurrency Developments in China (Short Version)

The People's Bank of China has reiterated its strict ban on all cryptocurrency transactions and digital asset activities.

Stablecoins have been fully included in the ban, as they are considered to pose risks related to money laundering and cross-border capital flows.

On November 28, 2025, 13 government departments held a meeting to further strengthen the crackdown on cryptocurrency speculation and related illegal activities.

Following the announcement, the prices of major cryptocurrencies like Bitcoin saw a decline.

BTC

89,542.09

-2.64%