Summary: The familiar script is playing out again—after this latest regulatory crackdown, is it a sign of an impending downturn, or the beginning of another round of “all the bad news is out”? Let’s examine the trajectory after the storm through five key policy milestones.
Authors: Viee, Amelia, Denise | Biteye Content Team
Recently, seven major financial associations in mainland China issued the latest risk warning, specifically naming stablecoins, RWA, “air coins,” and various other virtual assets. While Bitcoin has not shown significant movement, the recent cooling of market sentiment, shrinking account balances, and USDT’s OTC discount have reminded people of scenes from previous rounds of policy tightening.
Since 2013, mainland China has been regulating the crypto sector for twelve years. Each policy move has been met with a corresponding market reaction. This article follows the timeline to review market responses at these key turning points, and by doing so, seeks to clarify one question: regulation