#BTC100kNext?
🇨🇳 China — Crackdowns, CBDC Push & Stablecoin Debates
🛑 Continued strict restrictions
China has reaffirmed its cryptocurrency ban, with authorities repeatedly cracking down on crypto trading and mining activity — and bitcoin price dips have followed such announcements. �
Anadolu Ajansı
Multiple Chinese regulators reinforced that virtual currency issuance, trading, financing, and real-world asset tokens are prohibited within the country. �
Medium
📉 Market responses & failed projects
A planned US$500M Ethereum asset-treasury project initiated by prominent Chinese crypto founders was shelved amid market slump conditions — indicating local venture hesitance. �
South China Morning Post
💱 Central Bank Digital Currency (CBDC) moves
China’s digital yuan (e-CNY) policy is evolving: commercial banks will now pay interest on digital yuan wallets to spur adoption. �
MEXC
Beijing is considering yuan-backed stablecoins to boost global currency usage and counter U.S. dollar and stablecoin influence. �
The Daily Star Bangla
⚠️ Anti-stablecoin stance
The People’s Bank of China (PBoC) has openly labeled stablecoins as a threat to financial stability and vowed increased crackdowns — reinforcing that stablecoins are still unwelcome in domestic markets. �$BTC
