The notice just released by the central bank and eight other departments is definitely time-sensitive. It once again makes it clear that virtual currencies do not have the same legal status as legal tender. It takes a strict stance that any virtual currency-related business activities conducted within the country are considered illegal financial activities and are strictly prohibited. It specifies that the central bank will take the lead in handling virtual currency risk, while the CSRC will take the lead in managing risks related to RWA tokenization. It reiterates that domestic entities and individuals are not allowed to issue tokens either domestically or abroad. Lastly, it emphasizes that any risks from speculating on cryptocurrencies are borne by individuals or entities themselves. Honestly, this feels like a direct response to those who were trying to buy the dip in recent days—basically a disclaimer. https://www.pbc.(gov.cn)/tiaofasi/144941/3581332/2026020619591971323/index.html