Recep Gülcemal 
The Cyberspace Administration of China has started cooperation with financial regulators. On May 24, 2025, it began shutting down financial websites and related social media accounts that were operating illegally. This operation targeted platforms that engaged in misinformation, stock fraud and speculation moves in the cryptocurrency sector.
Financial Regulation Move Comes From China!
China has closed known platforms such as “Love Stocks APP” and “Captain Jack Macro Strategy” on the grounds that they spread misleading and speculation-based investment advice. It also accused platforms related to the cryptocurrency market, such as ‘’Hou Ge Chats Cryptocurrency’’, of manipulating users with fake profit screenshots. Overseas-based exchanges such as PKEX and HTX were added to the scope of the operation for providing channels for such transactions.
The Cyberspace Administration of China announced that it has started close monitoring of platforms or social media accounts that aim to mislead and deceive users and will close all accounts involved in such transactions.
Why Did China Expel This Man?
In recent years, the Chinese Government has not hesitated to take drastic measures to maintain financial stability and protect investors from fraudsters. It wants to keep investors in a safer environment and protect safe investments, keeping them away from possible speculation or fraud. It continues to do this through the Cyberspace Administration of China. In particular, it aims to combat misinformation in the sector, prevent crypto speculation and ensure security in the financial market.
Strict Supervision of Cryptocurrency Policy Continues in China
China continues its strict controls in the cryptocurrency sector, which it sees as the most suitable environment for speculation and misleading moves. In 2021, cryptocurrency mining and trading were banned in China. However, some platforms continued their activities via VPN and overseas exchanges. With the latest operation, the Chinese government aims to completely close such illegal passageways.
It aims to prevent investors from resorting to unsafe ways and incurring losses in these ways. Especially in the cryptocurrency community, although it adopts blockchain technology, it maintains its strict stance against speculation transactions.
Wang Wei, director of the Cyberspace Administration of China, said:
”This operation demonstrates our commitment to building a healthy digital finance ecosystem. We will not tolerate misleading information and fraud.”
in a statement. After this statement, we can see that the Chinese side will resort to new sanctions or ways to protect investors.
These moves made by China can occasionally cause uncertainties in the cryptocurrency sector. For this reason, it is seen as suspicious for Chinese cryptocurrency investors to remain active in the sector in an uncertain environment.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.
*DOES NOT CONTAIN INVESTMENT ADVICE*