- PBOC holds meeting with 13 departments to regulate cryptocurrencies.
- Stablecoins identified as primary crackdown target.
- Governance shifts to legal and comprehensive enforcement.
On November 28, 2025, the People’s Bank of China coordinated a meeting with thirteen government departments in Beijing to enhance regulatory measures against virtual currency trading and speculation.
The meeting signals China’s continued crackdown on cryptocurrencies, emphasizing stablecoins due to associated risks, indicating a shift toward comprehensive governance and stricter enforcement strategies.
China Tightens Grip on Crypto with System-Wide Governance
On November 28, 2025, the People’s Bank of China (PBOC) coordinated with 13 government departments, including the Ministry of Public Security and the Ministry of Justice, to reinforce crypto governance. Pan Gongsheng, the Governor of PBOC, emphasized continuous crackdowns on cryptocurrency trading.
Stablecoins are now a core crackdown component due to concerns about laundering, fraud, and cross-border flows. China’s strategy focuses on information flow and capital flow for a technology-driven monitoring system, marking an intensification of earlier measures.
Market reactions highlight increased pressure on stablecoin use, while BTC and ETH are affected by the crypto ban. No funding allocations were released, which keeps the focus on enhanced enforcement over financial incentives. PBOC Governor Pan Gongsheng reiterated, “Virtual currencies do not hold the same legal status as fiat currency.”
Bitcoin Faces 8% Drop Amid China’s Crypto Maneuvers
Did you know? China’s regulatory bodies now aim to establish a sophisticated tech-driven monitoring system for information and capital flows, reflecting a broader trend toward using technology to enforce financial compliance.
According to CoinMarketCap, Bitcoin (BTC) currently trades at $84,147.51, with a market cap of $1.68 trillion. The recent 24-hour trading volume reached $73.30 billion, reflecting an 84.03% change. As of December 1, 2025, BTC’s price has dropped by 8.05% in the past 24 hours, showing a negative trend over the past three months.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 16:15 UTC on December 1, 2025. Source: CoinMarketCapExperts from the Coincu research team suggest China’s enhanced regulatory measures could lead to a stricter, tech-driven financial environment. This approach reflects a historical pattern of progressive tightening in China’s cryptocurrency regulations. Potential steps include increased international coordination and localized control.
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Source: https://coincu.com/news/china-crypto-comprehensive-governance/
