China’s foreign exchange regulator has issued rules requiring banks to monitor and report risky transactions involving crypto assets. These rules could make it harder for individuals in China to purchase digital assets. Banks will monitor based on identity, source of funds, and frequency of transactions. Lawyer Liu Zhengyao said these rules will create a new basis for penalizing crypto trading. China holds $18 billion worth of Bitcoin while continuing its anti-crypto stance. What do you think about this contradictory situation? We welcome your comments.