China's central bank enforces a strict nationwide cryptocurrency and stablecoin ban in 2025.
Blockchain News

China’s Crypto Crackdown: Central Bank Unleashes Strict Nationwide Ban on Tokens and Stablecoins

Beijing, China – April 2025: In a definitive move that solidifies its position as the world’s most restrictive major economy for digital assets, China’s central bank has launched a sweeping crackdown on all cryptocurrency and stablecoin-related activities. The People’s Bank of China (PBOC), in concert with top financial regulators, has issued a forceful restatement of […]