2025-12-06 07:25:03

Both sides are taking action at the same time.

Mainland China and Hong Kong have introduced new regulations on stablecoins almost simultaneously. This time, it’s not just talk—it’s real, concrete action drawing clear lines. For the entire industry, the rules of the game are being rewritten.

**Mainland China: Stablecoins = Virtual Currency, No Room for Negotiation**

The latest document makes it very clear—stablecoins are classified as a type of virtual currency.
What does this mean? The existing regulatory framework for cryptocurrencies now fully applies to stablecoins.

The regulatory logic remains the same three points:
- Preventing financial risks
- Combating illegal activities
- Protecting user assets

The rumored “hundreds of cases” online

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FlashLoanPrince

· 23h ago

Stablecoins are about to be boxed into the virtual currency framework; this time, things are really getting tough. To put it plainly, the entire previous set of rules is being brought over, and the game rules have indeed changed. With both sides taking action, it feels like the industry needs to wake up.

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AirdropLicker

· 12-06 07:55

Stablecoins are now directly included in the virtual currency framework, so there are really no loopholes left. This move is brilliant—it completely blocks all possible loopholes in one go. Feels like it’s time to prepare for a shift. Maybe we should check out what they’re saying about the Hong Kong dollar.

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GateUser-e19e9c10

· 12-06 07:53

Stablecoins have been completely wiped out; now there's really no way out.

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GasGuzzler

· 12-06 07:53

Damn, now even stablecoins are getting caught in the crossfire. Feels like the regulators are really serious this time.

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MissedAirdropAgain

· 12-06 07:51

Really, this time it's for real. Stablecoins are now directly categorized with virtual currencies, and things are going to get tough from now on.

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BoredStaker

· 12-06 07:38

Stablecoins are really going to be trapped this time. I used to think there might be loopholes to exploit, but now it seems I was overthinking it. Isn't this just a new way of re-enforcing the previous crypto ban? Once the label of virtual currency is put on, the game is basically over. With both Hong Kong and the mainland taking action at the same time, it's clear they're determined to completely shut down this route. It's pretty ruthless. With rules changing this fast, those hoping to arbitrage with stablecoins will probably have to rethink their strategies. This is the real deal—unlike the previous rumors and talk, this time it's serious. Interesting.

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FancyResearchLab

· 12-06 07:38

Here we go again with this routine? Stablecoins are being put into the same basket as virtual currencies—supposedly to prevent risks, but in reality, it's just clearing the field. Now even USDT has to toe the line. Let me see what new tricks this regulatory framework has up its sleeve.

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