The latest statement from the CSRC: The regulatory stance on crypto assets has been clarified.

[BlockBeats] Recently, at the annual conference of the Securities Association of China, regulators released some noteworthy signals. Wu Qing, a senior official from the China Securities Regulatory Commission, emphasized at the meeting that risk prevention and control must be given greater priority, especially in business sectors prone to problems such as margin financing and securities lending, over-the-counter derivatives, and private asset management. Institutions with long management chains, such as those with offsite headquarters and subsidiaries, must be extremely vigilant regarding credit risk, liquidity risk, and compliance risk, and must proactively identify and address potential hazards in advance.

When it comes to emerging sectors like crypto assets, his attitude was very clear: in-depth research and a cautious approach are required. He put it very plainly—don’t touch what you don’t understand, don’t engage in what can’t be regulated, and absolutely refrain from anything illegal or non-compliant. This statement essentially sets the tone: until a regulatory framework is fully established, there will be a highly cautious attitude toward this field.