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2025-11-29 09:29:25

China’s PBOC Warns Virtual Assets Hold “No Legal Status” 

The post China’s PBOC Warns Virtual Assets Hold “No Legal Status”  appeared first on Coinpedia Fintech News China has once again tightened its crackdown on crypto after a major meeting on November 28, 2025. The People’s Bank of China (PBOC) clearly stated that virtual assets, including stablecoins, have no legal status and cannot be used as money. With crypto activity rising again, officials are warning about illegal trading, scams, and money moving …

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