China's State Security Ministry calls crypto a national security threat and espionage tool

• —MSS called crypto transaction anonymity a "false thesis" and an "illusion"
• —The agency linked crypto to espionage and "hostile anti-China forces"
• —In February the PBOC and seven agencies reaffirmed strict oversight, including RWA tokenization
• —Crypto business has been banned in mainland China since 2021, as has BTC mining