China's State Security Ministry says crypto is used for espionage and money laundering
- —China's MSS linked crypto to espionage, money laundering and cyberattacks
- —The agency called crypto transaction anonymity an "illusion"
- —Crypto businesses in China were again declared illegal
- —In February the PBoC extended restrictions to tokenized real-world assets (RWA)
Why it matters: It reaffirms Beijing's hard line against crypto and raises risks for China-linked services and RWA projects.
Source: CoinSpot