Regulation· ★★★· bearish·

China's Central Bank Reiterates Virtual Currencies Are Not Legal Tender

  • —PBoC repeated that virtual currencies lack legal tender status
  • —Regulator flagged illegal fundraising, fraud and money laundering tied to crypto
  • —Wording follows the February 2026 joint notice from eight departments
Why it matters: Confirms China's hardline crypto ban remains in place with no sign of easing.
Source: PANews
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