The post China Regulator Wu Qing Urges Caution on Crypto Assets appeared on BitcoinEthereumNews.com. Key Points: CSRC Chair Wu Qing urges cautious handling of crypto assets amid risk concerns. Wu Qing emphasizes understanding and control of crypto-related businesses. Strict scrutiny on margin financing, derivatives, and private asset management. At the China Securities Association conference, Wu Qing, CSRC chairman, emphasized the need for rigorous risk management of crypto assets, urging caution against developing unfamiliar and uncontrollable crypto business models. The CSRC’s stance signifies continued restriction on crypto activities by regulated Chinese entities, impacting domestic institutional participation in the global cryptocurrency market. Wu Qing’s Crypto Warnings Reinforce China’s Regulatory Stance Wu Qing, Chairman of the CSRC, highlighted concerns around the handling of crypto assets in his address to the China Securities Association. He emphasized the need for comprehensive risk prevention in sectors like margin financing, securities lending, and derivatives. His stance indicates ongoing scrutiny of crypto-related activities in China, stressing thorough analysis. The immediate impact includes a reinforced regulatory climate discouraging uncontrolled crypto activities within China’s financial markets. The CSRC’s emphasis on preventing illegal activities aligns with the broader narrative of risk aversion in the sector. Institutions are urged to engage only in comprehensible business ventures. Wu Qing, Chairman and Party Secretary, China Securities Regulatory Commission (CSRC), “advocated for thorough analysis and cautious handling of crypto assets; businesses which cannot be clearly understood and controlled should not be developed, and illegal activities must be resolutely avoided.” source Bitcoin’s Current Market Position Amid Regulatory Pressures Did you know? Wu Qing’s cautionary approach to crypto is consistent with China’s historical regulatory stance, reminiscent of previous crackdowns on ICOs and crypto exchanges aimed at mitigating financial risk. As of December 6, 2025, Bitcoin (BTC) is priced at $89,319.80 with a market cap of $1.78 trillion, representing a 58.69% dominance in the crypto market. The cryptocurrency has seen notable fluctuations,… The post China Regulator Wu Qing Urges Caution on Crypto Assets appeared on BitcoinEthereumNews.com. Key Points: CSRC Chair Wu Qing urges cautious handling of crypto assets amid risk concerns. Wu Qing emphasizes understanding and control of crypto-related businesses. Strict scrutiny on margin financing, derivatives, and private asset management. At the China Securities Association conference, Wu Qing, CSRC chairman, emphasized the need for rigorous risk management of crypto assets, urging caution against developing unfamiliar and uncontrollable crypto business models. The CSRC’s stance signifies continued restriction on crypto activities by regulated Chinese entities, impacting domestic institutional participation in the global cryptocurrency market. Wu Qing’s Crypto Warnings Reinforce China’s Regulatory Stance Wu Qing, Chairman of the CSRC, highlighted concerns around the handling of crypto assets in his address to the China Securities Association. He emphasized the need for comprehensive risk prevention in sectors like margin financing, securities lending, and derivatives. His stance indicates ongoing scrutiny of crypto-related activities in China, stressing thorough analysis. The immediate impact includes a reinforced regulatory climate discouraging uncontrolled crypto activities within China’s financial markets. The CSRC’s emphasis on preventing illegal activities aligns with the broader narrative of risk aversion in the sector. Institutions are urged to engage only in comprehensible business ventures. Wu Qing, Chairman and Party Secretary, China Securities Regulatory Commission (CSRC), “advocated for thorough analysis and cautious handling of crypto assets; businesses which cannot be clearly understood and controlled should not be developed, and illegal activities must be resolutely avoided.” source Bitcoin’s Current Market Position Amid Regulatory Pressures Did you know? Wu Qing’s cautionary approach to crypto is consistent with China’s historical regulatory stance, reminiscent of previous crackdowns on ICOs and crypto exchanges aimed at mitigating financial risk. As of December 6, 2025, Bitcoin (BTC) is priced at $89,319.80 with a market cap of $1.78 trillion, representing a 58.69% dominance in the crypto market. The cryptocurrency has seen notable fluctuations,…

China Regulator Wu Qing Urges Caution on Crypto Assets

2025/12/06 17:09
Key Points:
  • CSRC Chair Wu Qing urges cautious handling of crypto assets amid risk concerns.
  • Wu Qing emphasizes understanding and control of crypto-related businesses.
  • Strict scrutiny on margin financing, derivatives, and private asset management.

At the China Securities Association conference, Wu Qing, CSRC chairman, emphasized the need for rigorous risk management of crypto assets, urging caution against developing unfamiliar and uncontrollable crypto business models.

The CSRC’s stance signifies continued restriction on crypto activities by regulated Chinese entities, impacting domestic institutional participation in the global cryptocurrency market.

Wu Qing’s Crypto Warnings Reinforce China’s Regulatory Stance

Wu Qing, Chairman of the CSRC, highlighted concerns around the handling of crypto assets in his address to the China Securities Association. He emphasized the need for comprehensive risk prevention in sectors like margin financing, securities lending, and derivatives. His stance indicates ongoing scrutiny of crypto-related activities in China, stressing thorough analysis.

The immediate impact includes a reinforced regulatory climate discouraging uncontrolled crypto activities within China’s financial markets. The CSRC’s emphasis on preventing illegal activities aligns with the broader narrative of risk aversion in the sector. Institutions are urged to engage only in comprehensible business ventures.

Bitcoin’s Current Market Position Amid Regulatory Pressures

Did you know? Wu Qing’s cautionary approach to crypto is consistent with China’s historical regulatory stance, reminiscent of previous crackdowns on ICOs and crypto exchanges aimed at mitigating financial risk.

As of December 6, 2025, Bitcoin (BTC) is priced at $89,319.80 with a market cap of $1.78 trillion, representing a 58.69% dominance in the crypto market. The cryptocurrency has seen notable fluctuations, with a 3.04% decline over the past 24 hours and a larger 27.92% drop over 60 days, as per CoinMarketCap data. Trading volume over the last 24 hours reached $61.13 billion. The current circulating supply stands at 19,958,221 BTC out of a maximum possible supply of 21 million.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 09:00 UTC on December 6, 2025. Source: CoinMarketCap

Coincu’s research team notes potential regulatory pressures may maintain dampened enthusiasm for crypto assets within China. Historical reluctance towards digital currencies continues, pointing to limited institutional advancements unless regulatory landscapes shift towards greater clarity and control.

Source: https://coincu.com/news/china-securities-regulator-caution-crypto/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Suspected $243M Crypto Hacker Arrested After Major Breakthrough in Global Heist

Suspected $243M Crypto Hacker Arrested After Major Breakthrough in Global Heist

Major breakthrough in $243M crypto heist as suspect arrested! $18.58M in crypto seized, linked to suspected hacker’s wallet. Dubai villa raid leads to possible arrest of crypto thief. A major breakthrough in the investigation into the $243 million crypto theft has emerged, as blockchain investigator ZachXBT claims that a British hacker, suspected of orchestrating one of the largest individual thefts in crypto history, may have been arrested. On December 5, ZachXBT revealed in a Telegram post that Danny (also known as Meech or Danish Zulfiqar Khan), the primary suspect behind the attack, was likely apprehended by law enforcement. ZachXBT pointed to a significant find: approximately $18.58 million worth of crypto currently sitting in an Ethereum wallet linked to the suspect. The investigator claimed that several addresses connected to Zulfiqar had consolidated funds to this address, mirroring patterns previously seen in law enforcement seizures. This discovery has raised suspicions that authorities may have closed in on the hacker. Moreover, ZachXBT mentioned that Zulfiqar was last known to be in Dubai, where it is alleged that a villa was raided, and multiple individuals associated with the hacker were arrested. He also noted that several contacts of Zulfiqar had gone silent in recent days, adding to the growing belief that law enforcement had made a major move against the hacker. However, no official statements from Dubai Police or UAE regulators have confirmed the arrest, and local media reports remain silent on the matter. Also Read: Song Chi-hyung: The Visionary Behind Upbit and the Future of Blockchain Innovation The $243 Million Genesis Creditor Heist: How the Attack Unfolded The arrest of Zulfiqar may be linked to one of the largest known individual crypto heists. In September 2024, ZachXBT uncovered that three attackers were involved in stealing 4,064 BTC (valued at $243 million at the time) from a Genesis creditor. The attack was carried out using sophisticated social engineering tactics. The hackers impersonated Google support to trick the victim into resetting two-factor authentication on their Gemini account, giving them access to the victim’s private keys. From there, they drained the wallet, moving the stolen BTC through a complex network of exchanges and swap services. ZachXBT previously identified the suspects by their online handles, “Greavys,” “Wiz,” and “Box,” later tying them to individuals Malone Lam, Veer Chetal, and Jeandiel Serrano. The U.S. Department of Justice later charged two of the suspects with orchestrating a $230 million crypto scam involving the theft. Further court documents revealed that the criminals had used a mix of SIM swaps, social engineering, and even physical burglaries to carry out the theft, spending millions on luxury items like cars and travel. ZachXBT’s tracking work has played a key role in uncovering several related thefts, including a $2 million scam in which Chetal was involved while out on bond. The news of Zulfiqar’s potential arrest could mark a significant turning point in the investigation, although full details are yet to emerge. Also Read: Kevin O’Leary Warns: Only Bitcoin and Ethereum Will Survive Crypto’s Reality Check! The post Suspected $243M Crypto Hacker Arrested After Major Breakthrough in Global Heist appeared first on 36Crypto.
Share
Coinstats2025/12/06 18:27