CoinFubi

Hong Kong-listed companies with cryptocurrency connections saw sharp declines at the end of October after the People’s Bank of China signaled a crackdown on virtual currencies and raised fresh concerns about stablecoins. In a statement, the PBOC warned of a resurgence in crypto speculation and pledged to clamp down on illegal conduct tied to stablecoins. It also highlighted a key compliance problem, noting that some stablecoins failed to meet customer identification and anti-money-laundering requirements. The message left little room for uncertainty and sparked a wave of sell-offs.

Yunfeng Financial Group，一直在推进代币化及其他与加密相关的服务，盘初下跌超过10%。Bright Smart Securities and Commodities Group slid about 7%，while digital-asset platform OSL Group dropped over 5%。这些举动抵消了部分源于香港五月稳定币法案的热情，该法案旨在为法币锚定的代币建立法律框架，并将本港定位为对加密货币友好的地区。中国的回应凸显大陆与香港之间的分屏现实，监管机构敦促券商暂停某些代币化项目，且据报道在北京警告后，数家公司搁置稳定币发行计划。

Liu Honglin，Man Kun Law Firm 创始人，表示，PBOC 的声明“已经消除了关于稳定币政策的任何模糊性、猜测与幻觉”。“监管者已在曾经模糊的边界上画出一条明确的红线，”他补充道。PBOC 的声明明确了一点：就目前而言，由私人控制的稳定币必须符合严格标准——否则将被关闭。加密领域的气候影响仍然复杂，且高度取决于这些系统的运作方式与所在地点。