China central bank vows crackdown on virtual currency, flags stablecoins
Home World News China's central bank vows crackdown on virtual currency, flags stablecoin concerns The Central Bank warned that stablecoins risk being used for illegal activities including money laundering, fraud, and unauthorized cross-border fund transfers. By Reuters November 29, 2025, 7:43:44 PM IST (Published) China's central bank reaffirmed its tough stance on virtual currencies on









