China's Cyberspace Administration leads coordinated effort with financial regulators to combat market misinformation and unauthorized cryptocurrency activities.
China's Cyberspace Administration, working with financial regulators, has initiated a crackdown on accounts and websites spreading false market information and promoting illegal cryptocurrency trading. Key targets include 'Ai Gupiao APP' for disseminating false market information and 'Huo Ge Liao Jia Mi' for cryptocurrency trading promotion, demonstrating continued regulatory enforcement against market manipulation.