China’s central bank PBOC reconfirms its nationwide ban on Bitcoin and digital assets, declaring all related activities illegal..Officials highlight renewed speculative crypto trading and rising stablecoin risks tied to fraud, laundering and illegal transfers..PBOC states Bitcoin and all virtual currencies have no legal tender status and classifies every crypto service as unlawful finance..Bitcoin falls over 5 percent after China’s announcement, with the global crypto market reacting sharply to renewed restrictions..Stablecoins face strict scrutiny as regulators say they fail compliance checks and threaten China’s financial and economic stability..Read More Stories