China Issues New Crypto Warning

China has issued a new warning highlighting risks associated with virtual currency trading ⚠️🇨🇳. Authorities emphasized that cryptocurrencies like $BTC and $ETH remain illegal for domestic trading and announced increased monitoring of offshore platforms serving Chinese residents. The statement reinforces Beijing’s long-standing stance on financial risk prevention. Despite restrictions, China continues exploring blockchain technology for government-approved applications, including CBDCs and supply-chain systems. The renewed warning serves as a reminder that regulatory environments can shift quickly, influencing market sentiment across Asia. Global traders are advised to stay aware of geopolitical factors that may impact crypto flows 📉.