# PBOC to Focus Crackdown on Domestic Crypto Traders, Entities Linked to Overseas Platforms

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/51318
Published: 2026-11-08T03:24:05.000Z
Updated: 2026-11-08T03:24:05.000Z
Section: Regulation

> A PBOC department official said virtual currencies currently cannot effectively meet customer-identification and anti-money-laundering requirements and can trigger speculative market trading.

The People’s Bank of China (PBOC), China’s central bank, will continue to crack down on domestic virtual-currency business activity, focusing on domestic virtual-currency traders and domestic entities related to overseas virtual-currency issuers and trading platforms, a PBOC department official said Nov. 6.

The official said virtual currencies currently cannot effectively meet customer-identification and anti-money-laundering requirements and can trigger speculative market trading.

The PBOC will work with relevant departments and local governments to maintain economic and financial order, the official said.