Regulation· ★★★· bearish· September 28, 08:21

China's Ministry of State Security says crypto 'anonymity' is a false premise

—China's security ministry called crypto a breeding ground for laundering, cyberattacks and espionage
—It said blockchain records full transaction history, enabling end-to-end tracing
—The agency argued real identities are hard to hide and asset safety is not guaranteed

Why it matters: Signals a hardening Chinese stance on crypto and provides justification for tighter transaction surveillance.