The Chairman of the China Securities Regulatory Commission (CSRC) emphasizes strengthening the supervision of cryptocurrency risks.

2025-12-06 08:55:41

Abstract generation in progress

On June 12, CSRC Chairman Wu Qing (Wu Qing) reaffirmed China’s cautious stance on cryptocurrency assets at the General Assembly of the China Securities Association, emphasizing the need to strengthen risk prevention. He stated that activities related to cryptocurrencies that are non-transparent or difficult to control would not be allowed to operate, in line with China’s tradition of strict supervision over emerging financial sectors.

This statement shows that regulators continue to tighten supervision, requiring financial institutions involved in cryptocurrencies to enhance compliance to avoid legal risks. Although it does not represent a major policy shift, Wu Qing’s tough stance may affect market sentiment, especially regarding BTC and ETH.

However, analysts believe these signals are merely a reiteration of existing policy, so the impact on the global market is expected to be limited.

BTC2.25%

ETH3.42%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.