Some people just want to destroy the village. Since they can't beat blockchain, they might as well join it. Isn't the stablecoin already out? Isn't this policy just killing the hard-grown chives with herbicide?
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jiuhao1
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Bearish#中国加密新规 China's New Cryptocurrency Regulations Overview: Property Can Be Confiscated, Transactions Are Illegal, The Only Compliant Public Chain's Survival Path
> **Judicial Red Lines and Compliance Islands Coexist**: China's cryptocurrency ecosystem seeks a fragile balance under high-pressure regulation
In the second half of 2025, China's cryptocurrency policy will enter a phase of refined regulation. On one hand, judicial authorities tighten the crackdown on crimes involving cryptocurrencies; on the other hand, local judicial bodies for the first time **explicitly recognize the 'property attribute' of virtual currencies** in legislative documents. This contradictory situation reflects the regulatory body's dual attitude towards the value of blockchain technology and financial risks. The following analyzes the current regulatory framework and response strategies from four dimensions.
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### 1. New Judicial Opinions: Tightening the 'Spell' on Cryptocurrency Trading
On July 28, 2025, the Supreme People's Court, the Supreme People's Procuratorate, and the Ministry of Public Security jointly issued the 'Opinions on Issues Related to Criminal Cases Involving Assisting Information Network Criminal Activities,' which for the first time incorporates cryptocurrency trading into the network crime regulation system:
- **Standardization of 'Knowledge' Determination**: If a user continues to engage in cryptocurrency trading after being restricted by a bank due to fraud involvement, and the funds are once again suspect, it can be directly inferred that they subjectively 'knew' about the crime, and they will be prosecuted for assisting information network criminal activities
- **List of Abnormal Transactions**: Using encrypted communication software for trading and buying and selling cryptocurrencies significantly deviating from market prices are both listed as 'abnormal situations' under judicial monitoring
- **Severe Sentencing Orientation**: Organizing minors to participate in crypto money laundering and cross-border transfer of stolen funds will face severe penalties, with related prosecutions in 2024 already up 42% year-on-year
This new regulation means that ordinary investors' OTC trades may also bear criminal liability due to contaminated fund flows.
> **Judicial Red Lines and Compliance Islands Coexist**: China's cryptocurrency ecosystem seeks a fragile balance under high-pressure regulation
In the second half of 2025, China's cryptocurrency policy will enter a phase of refined regulation. On one hand, judicial authorities tighten the crackdown on crimes involving cryptocurrencies; on the other hand, local judicial bodies for the first time **explicitly recognize the 'property attribute' of virtual currencies** in legislative documents. This contradictory situation reflects the regulatory body's dual attitude towards the value of blockchain technology and financial risks. The following analyzes the current regulatory framework and response strategies from four dimensions.
---
### 1. New Judicial Opinions: Tightening the 'Spell' on Cryptocurrency Trading
On July 28, 2025, the Supreme People's Court, the Supreme People's Procuratorate, and the Ministry of Public Security jointly issued the 'Opinions on Issues Related to Criminal Cases Involving Assisting Information Network Criminal Activities,' which for the first time incorporates cryptocurrency trading into the network crime regulation system:
- **Standardization of 'Knowledge' Determination**: If a user continues to engage in cryptocurrency trading after being restricted by a bank due to fraud involvement, and the funds are once again suspect, it can be directly inferred that they subjectively 'knew' about the crime, and they will be prosecuted for assisting information network criminal activities
- **List of Abnormal Transactions**: Using encrypted communication software for trading and buying and selling cryptocurrencies significantly deviating from market prices are both listed as 'abnormal situations' under judicial monitoring
- **Severe Sentencing Orientation**: Organizing minors to participate in crypto money laundering and cross-border transfer of stolen funds will face severe penalties, with related prosecutions in 2024 already up 42% year-on-year
This new regulation means that ordinary investors' OTC trades may also bear criminal liability due to contaminated fund flows.
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