CB Terminal

/ Searchj Nextk Prevg Toph Help
BREAKING12:21 AM
Whale Fat-Fingers $2M HYPE Sell Order, Triggering 2.6% Flash Crash↗
Alert00:21

Whale Fat-Fingers $2M HYPE Sell Order, Triggering 2.6% Flash Crash

Crypto00:06

Spot XRP and Solana ETFs See Sustained Inflows; SOL Products Hit $638M Cumulative

Macro00:05

US Home Delistings Surge 28% to Highest September Level Since 2017

Crypto23:06

Paxos' Stablecoins (USDG & PYUSD) See Rapid Growth and Lead Major Market Cap Segment

Alert22:06

Justin Sun Alleges $500M Techteryx Fraud Scheme Involving FDT, Legacy Trust, and Vincent Chok

Crypto22:06

Aztec Network Concludes First CCA on Uniswap with $59M Committed; Settlement 59% Above Floor

Alert22:06

Kevin Hassett reportedly poised to be next Fed Chair; predicts rate cut

Macro22:06

US Market Share Volume Hits Record Highs Amid Retail Boom

Crypto22:06

Centrifuge Records $1.3 Billion Inflows with Sky Ecosystem Allocation

Crypto22:06

Rayls Labs Secures $1B Tokenized Credit Commitment for 2026 Mainnet

Crypto22:06

Base Network TVL Nears ATH as Armstrong Teases December 17 Update

Summary22:00

24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

Summary21:15

6 Hour Summary: Jupiter Retracts 'Zero Risk' Claims & Hyperliquid Lists SOL Ticker

Gov21:06

Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto

Crypto21:06

CZ Emphasizes Strict Private Key Isolation for Hardware Wallets

Macro21:06

US Small Business Bankruptcies Surge to Records as Inflation Persists

Alert20:06

Jupiter Team Admits 'Zero Risk' Claim Inaccurate Amid Rehypothecation Scrutiny

Crypto20:06

Binance Futures Adds RWUSD as Reward-Bearing Margin Asset

Crypto20:06

Base Network Payment Protocol Settlements Cross $500k with High Weekly Growth

Crypto20:06

Ethereum Stablecoin Velocity and Lending Liquidity Reach All-Time Highs

 
Alert

PBoC Reaffirms Strict Crypto Ban, Targets Social Platforms and Stablecoins

11/29/2025, 06:55
11/30/2025, 05:06
AI SUMMARY
●PBOC Governor Pan Gongsheng reaffirms the strict ban on crypto trading, specifically targeting illicit acts on social apps.
●A multi-agency meeting reinforced this zero-tolerance stance, explicitly flagging AML and identity verification risks associated with stablecoins.
●The central bank emphasizes that virtual assets lack legal tender status and maintains strict oversight to protect financial order.
The People's Bank of China (PBoC), led by Governor Pan Gongsheng, has reaffirmed its unwavering stance that virtual currencies do not possess legal tender status. The central bank emphasizes a strict prohibition on crypto trading and speculation to protect financial order. Authorities are specifically targeting illicit acts on social applications and have explicitly flagged risks associated with stablecoins. A multi-agency meeting reinforced this zero-tolerance stance, classifying all crypto-related business activities as illegal financial operations. The government maintains strict oversight to prevent the resurgence of crypto trading activities. [Update 1] New reports highlight that the authorities have specifically cited risks related to identity verification and anti-money laundering (AML) as primary reasons for the strict stance against stablecoins. The statement reiterates that virtual currencies lack legal compensability, and the government intends to further strengthen monitoring against these specific crypto-related risks.

Sources (6)

01@PANews↗02@TheBlock__↗03@ChainCatcher_↗04@ChainCatcher_↗05@WuBlockchain↗06ChainCatcher↗
21 / 21+