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BREAKING01:36 AM
Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation↗
Crypto02:06

Base-Solana Bridging: Chainlink Integration Starts Slow, Wormhole Volume Hits $2B

Crypto02:06

Aave Whale Accumulates 333k Tokens via Loop Lending After Prior Liquidation

Crypto02:06

Public Bitcoin Miner All-In Costs Reach $137,800 per BTC

Macro02:06

US Heavy Truck Sales Plunge 47% to Lowest Level Since 2020

Crypto02:05

Franklin Token Sees Smart Money Outflows as Endorsement Speculation Fades

Alert01:36

Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation

Alert01:06

Lighter Spot Goes Live with ETH: Launch Details & Incentives

Gov01:05

X Terminates EU Commission Ad Account Citing Reach Manipulation

Alert00:54

Jupiter COO Admits 'Zero Contagion Risk' Marketing Was Inaccurate

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

 
Alert

PBOC Reaffirms Crypto Ban: Virtual Currencies Lack Legal Status and Activities Deemed Illegal

11/30/2025, 04:46
11/30/2025, 04:48
AI SUMMARY
●PBOC and multiple departments issue a joint statement clarifying legal red lines for crypto
●Virtual currencies are declared not legal tender and banned from market circulation
●All related business activities are officially classified as illegal financial operations
The People's Bank of China (PBOC), in conjunction with multiple other departments, has issued a fresh statement delineating the legal red lines for virtual currencies. The central bank emphasized that virtual currencies are strictly not legal tender and do not possess legal compensability status. The statement explicitly clarifies that virtual currencies should not and cannot be circulated or used in the market. Consequently, all related business activities involving virtual currencies are classified as illegal financial activities. This latest announcement serves as a reaffirmation of China's stringent stance against the cryptocurrency sector, ensuring that market participants are aware that the prohibition on crypto-related activities remains firmly in place.

Sources

01PANews
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