China Strengthens Crypto Monitoring as Traders Bypass Restrictions
A top official from China’s State Administration of Foreign Exchange (SAFE), Li Bin, emphasized the agency’s commitment to strengthening its ability to track and analyze the influence of cryptocurrencies on capital movements.
Speaking at a Boao Forum for Asia discussion on monetary stability, Li highlighted the need for deeper research into how digital assets impact cross-border financial transactions.
He stressed that continuous improvements in monitoring techniques are essential for understanding these evolving dynamics.
Despite China’s stringent policies against cryptocurrency trading and mining, authorities remain focused on evaluating the sector’s implications for financial stability.
The country has…
