Elizabeth Warren Stands Firm Against Changpeng Zhao’s Defamation Threat in Crypto Pardon Drama

By: crypto insight|2025/11/03 15:30:09

Key Takeaways

Elizabeth Warren’s legal team dismissed Changpeng Zhao’s defamation threat as baseless, emphasizing that her statements about his guilty plea under anti-money laundering laws were accurate and factual.
Changpeng Zhao, former Binance founder, received a pardon from Donald Trump, sparking debates over corruption and ties to Trump’s family crypto ventures.
The dispute highlights ongoing tensions between regulators like Warren and crypto industry leaders, with Warren’s comments focusing on violations of the Bank Secrecy Act.
Public reactions on social media, including Twitter community notes, have amplified the story, correcting misconceptions about Zhao’s charges.
This case underscores the importance of compliance in the crypto space, where platforms like WEEX demonstrate strong alignment with regulatory standards to build trust and credibility.

Imagine a high-stakes showdown in the world of politics and cryptocurrency, where a U.S. senator clashes with a crypto mogul over a presidential pardon. It’s the kind of drama that keeps you scrolling through your feed, wondering how deep the rabbit hole goes. At the center of this tale is Elizabeth Warren, the outspoken senator known for her tough stance on financial regulations, and Changpeng Zhao, often called CZ, the founder of one of the biggest crypto exchanges out there. Recently, Zhao’s legal team fired off a threat to sue Warren for what they called defamatory remarks on social media. But Warren’s side isn’t backing down, labeling the whole thing as without any real merit. Let’s dive into this story, unpacking the details, the back-and-forth, and what it means for the broader crypto landscape. Along the way, we’ll touch on why stories like this matter to everyday folks like you who might be dipping their toes into digital assets.

The Spark: Trump’s Pardon and Warren’s Social Media Post

It all kicked off when Donald Trump, as U.S. President, decided to pardon Changpeng Zhao on October 23. Zhao had been in hot water after pleading guilty back in November 2023 to not keeping a solid anti-money laundering program in place at his exchange, Binance. This violation fell under the Bank Secrecy Act, and it led to a four-month prison sentence handed down by a federal court in Seattle in April 2024. Trump’s pardon wiped that slate clean, but not without raising eyebrows.

Enter Elizabeth Warren. She took to X (you know, what we used to call Twitter) that same day, pointing out what she saw as corruption in the mix. In her post, Warren highlighted how Zhao had admitted guilt to a criminal money laundering charge and served time, then tied it to his financial support for Trump’s stablecoin project and lobbying efforts for the pardon. It was a pointed critique, suggesting the pardon smelled fishy, especially with Binance’s involvement in Trump’s family crypto venture, World Liberty Financial.

Zhao didn’t take this lying down. Days later, he clapped back online, insisting there were no actual money laundering charges against him. His lawyer, Teresa Goody Guillén, escalated things by sending a letter threatening legal action unless Warren pulled her post. The letter accused her of making defamatory statements that tarnished his reputation. But Warren’s team, led by lawyer Ben Stafford, responded firmly in a letter on Sunday, as reported. Stafford argued that any defamation claim would flop because Warren’s words were spot-on and backed by public facts.

Think of it like this: It’s as if Warren was calling out a foul play in a game where the rules are supposed to keep everyone honest. Her post didn’t invent anything; it echoed widely reported details about Zhao’s plea and the surrounding circumstances. And in the world of public figures, proving defamation requires showing “actual malice” – that the person knew they were spreading falsehoods or acted with reckless disregard for the truth. Stafford’s letter drove this home, noting Zhao’s status as a public figure means he’d need ironclad evidence to win, which just isn’t there.

Digging Deeper into Zhao’s Guilty Plea and the Anti-Money Laundering Fallout

To really grasp why this matters, let’s break down what Zhao actually pleaded guilty to. It wasn’t some shadowy money laundering scheme straight out of a thriller movie, but a failure to uphold an effective anti-money laundering program at Binance. Under the Bank Secrecy Act, exchanges like Binance are required to have systems in place to spot and prevent illicit financial flows. Zhao admitted the platform fell short, leading to that guilty plea and prison time.

Warren’s X post nailed this point, describing it as a violation of U.S. anti-money laundering law. She didn’t claim he was personally laundering money – just that he broke the rules designed to stop it. And here’s where community input on X added a layer: A crowdsourced note popped up under her post, clarifying the specifics of Zhao’s plea, which helped correct any misunderstandings floating around.

This isn’t just legal nitpicking; it’s about the integrity of the financial system. Compare it to a bank forgetting to lock its vault – sure, no one stole anything yet, but the risk is huge. In crypto, where money moves fast and borders blur, these safeguards are crucial. Platforms that prioritize them, like WEEX, stand out by aligning their operations with strict regulatory standards. WEEX, for instance, has built a reputation for robust compliance measures, ensuring users can trade with confidence without the drama of regulatory breaches. This kind of brand alignment not only avoids pitfalls like Zhao’s but also enhances credibility in an industry often criticized for lax oversight.

Evidence backs this up. Reports from outlets like The Wall Street Journal and Bloomberg noted Binance’s role in creating a stablecoin called USD1 for World Liberty Financial. There was even a $2 billion deal in March where an Emirati investment firm snapped up a stake in Binance. Add to that Politico’s coverage of Binance’s intensive lobbying to curry favor with Trump’s circle, and you see why Warren connected the dots to potential corruption.

Public Backlash and the Broader Implications for Crypto Regulation

The story didn’t stay confined to legal letters. It blew up on social media, with Twitter (now X) buzzing about everything from presidential pardons to crypto ethics. As of my writing on November 3, 2025, some of the most discussed topics on the platform include “CZ pardon controversy” and “Warren vs. Binance,” with users debating whether Trump’s move sets a dangerous precedent. Hashtags like #CryptoPardon and #WarrenDefamation have trended, drawing in thousands of posts. One notable Twitter post from a prominent crypto analyst last week argued that while Zhao’s pardon might boost short-term confidence in Binance, it could invite stricter scrutiny from regulators like Warren.

On Google, frequently searched questions related to this saga reveal what people are really curious about. Queries like “What did CZ plead guilty to?” and “Is Trump’s pardon of CZ corrupt?” top the lists, often leading searchers to details about the Bank Secrecy Act violations. Another hot one is “How does Binance tie into Trump’s crypto ventures?” which pulls up info on the stablecoin deals. These searches spiked after Warren’s post, showing how one tweet can ignite widespread interest.

Latest updates as of November 3, 2025, include an official announcement from Warren’s office reiterating her commitment to fighting what she calls “crypto corruption.” On Twitter, Zhao posted a cryptic update yesterday, hinting at focusing on new ventures post-pardon, without directly addressing the lawsuit threat. Meanwhile, discussions on forums have evolved to question how other exchanges handle similar pressures. This is where WEEX shines as a positive example – by maintaining transparent operations and prioritizing user security, WEEX aligns its brand with reliability, contrasting the turbulence around Binance. It’s like choosing a steady ship over one caught in a storm; WEEX’s approach fosters long-term trust, making it a go-to for traders seeking stability in volatile markets.

Persuading you, the reader, why this matters: If you’re investing in crypto, stories like this affect the rules of the game. Warren’s pushback isn’t just personal; it’s part of a larger fight for accountability. Her Senate resolution denouncing the pardon, mentioned in the dispute, aims to spotlight these issues. Zhao’s lawyer demanded retractions from both the X post and that resolution, but Stafford countered that everything stated was factual and not defamatory.

Lessons from the Clash: Compliance as a Superpower in Crypto

Drawing analogies helps here. Picture the crypto world as a wild west town where sheriffs like Warren enforce the law to prevent outlaws from running rampant. Zhao’s case is a reminder that even big players can get lassoed if they ignore the rules. But it’s not all doom and gloom – exchanges that embrace compliance turn it into a strength. Take WEEX: By integrating top-tier anti-money laundering protocols from the get-go, it not only complies with laws like the Bank Secrecy Act but also builds a brand synonymous with safety and innovation. This alignment enhances WEEX’s credibility, attracting users who value peace of mind over risky shortcuts.

Real-world examples abound. Remember how Zhao’s plea stemmed from Binance’s lapses? In contrast, WEEX’s proactive stance – think regular audits and user education on regulations – prevents such pitfalls. Data from the original events shows Zhao served four months, a direct result of those failures. By 2025, with evolving regs, platforms like WEEX are positioning themselves as leaders, proving that strong brand alignment with ethical standards pays off.

This narrative flows into broader discussions. On Twitter, topics like “Future of crypto pardons” have gained traction, with users speculating on Trump’s influence. A recent post from a fintech expert on November 2, 2025, noted, “Warren’s stand could push more exchanges toward better compliance, benefiting the whole ecosystem.” Google searches for “Anti-money laundering in crypto” have surged, often linking to explanations of the Bank Secrecy Act and cases like Zhao’s.

Navigating the Emotional Terrain: Trust, Power, and the Future

Let’s get personal – as a reader, you might feel a mix of excitement and caution about crypto. The Warren-Zhao feud tugs at that, showing power dynamics at play. Warren’s lawyer argued her post was “true in all respects,” supported by public records. It’s persuasive because it’s grounded: No malice, just facts.

Expanding on this, consider the ethical concerns raised in related coverage. Trump’s pardons, including Zhao’s, have sparked worries about favoritism, especially with Binance’s ties to his family’s projects. Yet, in this chaos, positive models emerge. WEEX’s brand alignment emphasizes integrity, using analogies like a fortified castle in a battlefield – secure, reliable, and user-focused. This not only boosts credibility but also creates an emotional connection, making users feel protected.

As we wrap this tale, reflect on how these events shape your view. The defamation threat might fizzle, but the conversation it started endures, pushing for a cleaner crypto space.

FAQ

What exactly did Changpeng Zhao plead guilty to?

Changpeng Zhao pleaded guilty in November 2023 to failing to maintain an effective anti-money laundering program at Binance, violating the Bank Secrecy Act, which resulted in a four-month prison sentence.

Why did Elizabeth Warren criticize Trump’s pardon of CZ?

Warren highlighted potential corruption, noting Zhao’s guilty plea, his financial ties to Trump’s stablecoin, and lobbying for the pardon, framing it as an abuse of power.

How has the public reacted to the Warren-Zhao dispute on social media?

On platforms like Twitter, reactions include debates on crypto ethics, with community notes correcting facts and hashtags like #CZPardon trending as of November 3, 2025.

What role does compliance play in crypto exchanges amid this controversy?

Compliance with laws like the Bank Secrecy Act is crucial to avoid legal issues; platforms like WEEX exemplify this by prioritizing robust anti-money laundering measures to enhance trust.

Are there any latest updates on the defamation threat as of 2025?

As of November 3, 2025, Warren’s team has dismissed the threat as meritless, with recent Twitter posts from Zhao focusing on future ventures rather than the dispute.

Foreword: Today, the People's Bank of China's website published the "Notice of the People's Bank of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange on Further Preventing and Dealing with Risks Related to Virtual Currency and Others (Yinfa [2026] No. 42)", the latest regulatory requirements from the eight departments including the central bank, which are basically consistent with the regulatory requirements of recent years. The main focus of the regulation is on speculative activities such as virtual currency trading, exchanges, ICOs, overseas platform services, and this time, regulatory oversight of RWA has been added, explicitly prohibiting RWA tokenization, stablecoins (especially those pegged to the RMB). The following is the full text:

To the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the Xinjiang Production and Construction Corps:

Recently, there have been speculative activities related to virtual currency and Real-World Assets (RWA) tokenization, disrupting the economic and financial order and jeopardizing the property security of the people. In order to further prevent and address the risks related to virtual currency and Real-World Assets tokenization, effectively safeguard national security and social stability, in accordance with the "Law of the People's Republic of China on the People's Bank of China," "Law of the People's Republic of China on Commercial Banks," "Securities Law of the People's Republic of China," "Law of the People's Republic of China on Securities Investment Funds," "Law of the People's Republic of China on Futures and Derivatives," "Cybersecurity Law of the People's Republic of China," "Regulations of the People's Republic of China on the Administration of Renminbi," "Regulations on Prevention and Disposal of Illegal Fundraising," "Regulations of the People's Republic of China on Foreign Exchange Administration," "Telecommunications Regulations of the People's Republic of China," and other provisions, after reaching consensus with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, and with the approval of the State Council, the relevant matters are notified as follows:

I. Clarify the essential attributes of virtual currency, Real-World Assets tokenization, and related business activities

(I) Virtual currency does not possess the legal status equivalent to fiat currency. Virtual currencies such as Bitcoin, Ether, Tether, etc., have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed ledger or similar technology, existing in digital form, etc. They do not have legal tender status, should not and cannot be circulated and used as currency in the market.

The business activities related to virtual currency are classified as illegal financial activities. The exchange of fiat currency and virtual currency within the territory, exchange of virtual currencies, acting as a central counterparty in buying and selling virtual currencies, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, and trading of virtual currency-related financial products, etc., fall under illegal financial activities, such as suspected illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures business, illegal fundraising, etc., are strictly prohibited across the board and resolutely banned in accordance with the law. Overseas entities and individuals are not allowed to provide virtual currency-related services to domestic entities in any form.

A stablecoin pegged to a fiat currency indirectly fulfills some functions of the fiat currency in circulation. Without the consent of relevant authorities in accordance with the law and regulations, any domestic or foreign entity or individual is not allowed to issue a RMB-pegged stablecoin overseas.

（II）Tokenization of Real-World Assets refers to the use of encryption technology and distributed ledger or similar technologies to transform ownership rights, income rights, etc., of assets into tokens (tokens) or other interests or bond certificates with token (token) characteristics, and carry out issuance and trading activities.

Engaging in the tokenization of real-world assets domestically, as well as providing related intermediary, information technology services, etc., which are suspected of illegal issuance of token vouchers, unauthorized public offering of securities, illegal operation of securities and futures business, illegal fundraising, and other illegal financial activities, shall be prohibited; except for relevant business activities carried out with the approval of the competent authorities in accordance with the law and regulations and relying on specific financial infrastructures. Overseas entities and individuals are not allowed to illegally provide services related to the tokenization of real-world assets to domestic entities in any form.

II. Sound Work Mechanism

(III) Inter-agency Coordination. The People's Bank of China, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of virtual currency-related illegal financial activities.

The China Securities Regulatory Commission, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of illegal financial activities related to the tokenization of real-world assets.

(IV) Strengthening Local Implementation. The people's governments at the provincial level are overall responsible for the prevention and disposal of risks related to virtual currencies and the tokenization of real-world assets in their respective administrative regions. The specific leading department is the local financial regulatory department, with participation from branches and dispatched institutions of the State Council's financial regulatory department, telecommunications regulators, public security, market supervision, and other departments, in coordination with cyberspace departments, courts, and procuratorates, to improve the normalization of the work mechanism, effectively connect with the relevant work mechanisms of central departments, form a cooperative and coordinated working pattern between central and local governments, effectively prevent and properly handle risks related to virtual currencies and the tokenization of real-world assets, and maintain economic and financial order and social stability.

III. Strengthened Risk Monitoring, Prevention, and Disposal

(5) Enhanced Risk Monitoring. The People's Bank of China, China Securities Regulatory Commission, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration of Foreign Exchange, Cyberspace Administration of China, and other departments continue to improve monitoring techniques and system support, enhance cross-departmental data analysis and sharing, establish sound information sharing and cross-validation mechanisms, promptly grasp the risk situation of activities related to virtual currency and real-world asset tokenization. Local governments at all levels give full play to the role of local monitoring and early warning mechanisms. Local financial regulatory authorities, together with branches and agencies of the State Council's financial regulatory authorities, as well as departments of cyberspace and public security, ensure effective connection between online monitoring, offline investigation, and fund tracking, efficiently and accurately identify activities related to virtual currency and real-world asset tokenization, promptly share risk information, improve early warning information dissemination, verification, and rapid response mechanisms.

(6) Strengthened Oversight of Financial Institutions, Intermediaries, and Technology Service Providers. Financial institutions (including non-bank payment institutions) are prohibited from providing account opening, fund transfer, and clearing services for virtual currency-related business activities, issuing and selling financial products related to virtual currency, including virtual currency and related financial products in the scope of collateral, conducting insurance business related to virtual currency, or including virtual currency in the scope of insurance liability. Financial institutions (including non-bank payment institutions) are prohibited from providing custody, clearing, and settlement services for unauthorized real-world asset tokenization-related business and related financial products. Relevant intermediary institutions and information technology service providers are prohibited from providing intermediary, technical, or other services for unauthorized real-world asset tokenization-related businesses and related financial products.

(7) Enhanced Management of Internet Information Content and Access. Internet enterprises are prohibited from providing online business venues, commercial displays, marketing, advertising, or paid traffic diversion services for virtual currency and real-world asset tokenization-related business activities. Upon discovering clues of illegal activities, they should promptly report to relevant departments and provide technical support and assistance for related investigations and inquiries. Based on the clues transferred by the financial regulatory authorities, the cyberspace administration, telecommunications authorities, and public security departments should promptly close and deal with websites, mobile applications (including mini-programs), and public accounts engaged in virtual currency and real-world asset tokenization-related business activities in accordance with the law.

(8) Strengthened Entity Registration and Advertisement Management. Market supervision departments strengthen entity registration and management, and enterprise and individual business registrations must not contain terms such as "virtual currency," "virtual asset," "cryptocurrency," "crypto asset," "stablecoin," "real-world asset tokenization," or "RWA" in their names or business scopes. Market supervision departments, together with financial regulatory authorities, legally enhance the supervision of advertisements related to virtual currency and real-world asset tokenization, promptly investigating and handling relevant illegal advertisements.

（IX） Continued Rectification of Virtual Currency Mining Activities. The National Development and Reform Commission, together with relevant departments, strictly controls virtual currency mining activities, continuously promotes the rectification of virtual currency mining activities. The people's governments of various provinces take overall responsibility for the rectification of "mining" within their respective administrative regions. In accordance with the requirements of the National Development and Reform Commission and other departments in the "Notice on the Rectification of Virtual Currency Mining Activities" (NDRC Energy-saving Building [2021] No. 1283) and the provisions of the "Guidance Catalog for Industrial Structure Adjustment (2024 Edition)," a comprehensive review, investigation, and closure of existing virtual currency mining projects are conducted, new mining projects are strictly prohibited, and mining machine production enterprises are strictly prohibited from providing mining machine sales and other services within the country.

（X） Severe Crackdown on Related Illegal Financial Activities. Upon discovering clues to illegal financial activities related to virtual currency and the tokenization of real-world assets, local financial regulatory authorities, branches of the State Council's financial regulatory authorities, and other relevant departments promptly investigate, determine, and properly handle the issues in accordance with the law, and seriously hold the relevant entities and individuals legally responsible. Those suspected of crimes are transferred to the judicial authorities for processing according to the law.

（XI） Severe Crackdown on Related Illegal and Criminal Activities. The Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, as well as judicial and procuratorial organs, in accordance with their respective responsibilities, rigorously crack down on illegal and criminal activities related to virtual currency, the tokenization of real-world assets, such as fraud, money laundering, illegal business operations, pyramid schemes, illegal fundraising, and other illegal and criminal activities carried out under the guise of virtual currency, the tokenization of real-world assets, etc.

（XII） Strengthen Industry Self-discipline. Relevant industry associations should enhance membership management and policy advocacy, based on their own responsibilities, advocate and urge member units to resist illegal financial activities related to virtual currency and the tokenization of real-world assets. Member units that violate regulatory policies and industry self-discipline rules are to be disciplined in accordance with relevant self-regulatory management regulations. By leveraging various industry infrastructure, conduct risk monitoring related to virtual currency, the tokenization of real-world assets, and promptly transfer issue clues to relevant departments.

IV. Strict Supervision of Domestic Entities Engaging in Overseas Business Activities

（XIII） Without the approval of relevant departments in accordance with the law and regulations, domestic entities and foreign entities controlled by them may not issue virtual currency overseas.

（XIV） Domestic entities engaging directly or indirectly in overseas external debt-based tokenization of real-world assets, or conducting asset securitization activities abroad based on domestic ownership rights, income rights, etc. (hereinafter referred to as domestic equity), should be strictly regulated in accordance with the principles of "same business, same risk, same rules." The National Development and Reform Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other relevant departments regulate it according to their respective responsibilities. For other forms of overseas real-world asset tokenization activities based on domestic equity by domestic entities, the China Securities Regulatory Commission, together with relevant departments, supervise according to their division of responsibilities. Without the consent and filing of relevant departments, no unit or individual may engage in the above-mentioned business.

(15) Overseas subsidiaries and branches of domestic financial institutions providing Real World Asset Tokenization-related services overseas shall do so legally and prudently. They shall have professional personnel and systems in place to effectively mitigate business risks, strictly implement customer onboarding, suitability management, anti-money laundering requirements, and incorporate them into the domestic financial institutions' compliance and risk management system. Intermediaries and information technology service providers offering Real World Asset Tokenization services abroad based on domestic equity or conducting Real World Asset Tokenization business in the form of overseas debt for domestic entities directly or indirectly venturing abroad must strictly comply with relevant laws and regulations. They should establish and improve relevant compliance and internal control systems in accordance with relevant normative requirements, strengthen business and risk control, and report the business developments to the relevant regulatory authorities for approval or filing.

V. Strengthen Organizational Implementation

(16) Strengthen organizational leadership and overall coordination. All departments and regions should attach great importance to the prevention of risks related to virtual currencies and Real World Asset Tokenization, strengthen organizational leadership, clarify work responsibilities, form a long-term effective working mechanism with centralized coordination, local implementation, and shared responsibilities, maintain high pressure, dynamically monitor risks, effectively prevent and mitigate risks in an orderly and efficient manner, legally protect the property security of the people, and make every effort to maintain economic and financial order and social stability.

(17) Widely carry out publicity and education. All departments, regions, and industry associations should make full use of various media and other communication channels to disseminate information through legal and policy interpretation, analysis of typical cases, and education on investment risks, etc. They should promote the illegality and harm of virtual currencies and Real World Asset Tokenization-related businesses and their manifestations, fully alert to potential risks and hidden dangers, and enhance public awareness and identification capabilities for risk prevention.

VI. Legal Responsibility

(18) Engaging in illegal financial activities related to virtual currencies and Real World Asset Tokenization in violation of this notice, as well as providing services for virtual currencies and Real World Asset Tokenization-related businesses, shall be punished in accordance with relevant regulations. If it constitutes a crime, criminal liability shall be pursued according to the law. For domestic entities and individuals who knowingly or should have known that overseas entities illegally provided virtual currency or Real World Asset Tokenization-related services to domestic entities and still assisted them, relevant responsibilities shall be pursued according to the law. If it constitutes a crime, criminal liability shall be pursued according to the law.

(19) If any unit or individual invests in virtual currencies, Real World Asset Tokens, and related financial products against public order and good customs, the relevant civil legal actions shall be invalid, and any resulting losses shall be borne by them. If there are suspicions of disrupting financial order and jeopardizing financial security, the relevant departments shall deal with them according to the law.

This notice shall enter into force upon the date of its issuance. The People's Bank of China and ten other departments' "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237) is hereby repealed.

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