🚨 Crypto Alert: China Tightens Grip on Digital Transactions! 🚨

- China's State Administration of Foreign Exchange has introduced new rules for banks to closely monitor transactions involving digital assets.

- Banks must now flag "risky foreign exchange trading behaviors," including underground banking and cross-border crypto transactions.

- This move is part of China's ongoing efforts to control crypto activities, aiming to mitigate financial risks.

- What do you think of these new regulations? Share your thoughts in the comments! 💬