PBOC Shanghai HQ: Plans crack down on bitcoin and cryptocurrency trading

PBOC cautions investors not to confuse between blockchain and cryptocurrency trading.
The crackdown is coming a month after Xi Jinping publicly supported the development of the blockchain technology.

John Isige FXStreet

The central bank of China, the People’s Bank of China (PBOC) is planning to launch a cryptocurrency trading crackdown in the city of Shanghai. According to Reuters, the PBOC made a statement regarding the crackdown on Friday.

The central bank advised investors to be careful not to mistake the blockchain technology and cryptocurrency trading. It clarifies that trading and financing via the issuance of cryptos carries with it numerous risks.

The Shanghai PBOC headquarters’ statement comes barely a month since the President of China, Xi Jinping acknowledged support for blockchain. Firms involved in the development of the technology have seen an increase in interest among investors from the time the statement was issued.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

Bitcoin falls to two-week low as ETF outflows, tariff chaos weigh

Bitcoin price extends losses on Tuesday, ending a two-week consolidation phase. Risk-on sentiment fades amid growing uncertainty over Trump’s tariffs and rising US-Iran tensions, increasing downside risks toward $60,000.

Sui Price Forecast: SUI capitulates under pressure, opens the door to $0.70

Sui (SUI) declines by 3% at press time on Tuesday, extending the downside breakout of a short-consolidation range confirmed the previous day. Retail sentiment is bearish, as evidenced by increased long liquidations and a sharp drop in the funding rate.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.