Is the exchange a gray industry? Central Bank's latest regulations:

On November 28, 2025, the People's Bank of China held a meeting of the coordination mechanism for combating speculation in virtual currency trading. The Ministry of Public Security, the Central Internet Information Office, the Central Financial Office, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the People's Bank of China, the State Administration for Market Regulation, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange participated in the meeting. Previously, in 2021, a notice titled "Notice on Further Preventing and Dealing with Risks of Speculation in Virtual Currency Trading" was jointly issued by the People's Bank of China and ten other departments. This meeting mentioned the continued adherence to the prohibitive policy on virtual currency, combating speculation in virtual currency trading, and rectifying the chaos surrounding virtual currencies. At the same time, all units must deepen cooperation, improve regulatory policies and legal bases, focus on key aspects such as information flow and capital flow to strengthen information sharing, further enhance monitoring capabilities, severely crack down on illegal activities, protect the property safety of the people, and maintain the stability of economic and financial order. Friends in the circle, gray industry is gray industry!

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