China Strengthens Oversight of Token Trading, Cracks Down on Speculation and Illicit Activities

Gate News message, April 22 — China's Economic Daily published an article highlighting the need to regulate token trading and combat illegal activities. The report warns that tokens face risks including identity theft from leaks, permission forgery, and unauthorized commission schemes by bad actors.

The article identifies emerging consumer scams targeting token users, such as "discounted token packages" and "token agent" schemes. It calls for strengthening policy frameworks and standards to combat price monopolies, false advertising, and illegal financial activities in the token market.

Key regulatory priorities include cracking down on token hoarding and speculation, eliminating illicit over-the-counter trading, and guiding tokens back to their core functions: technology services, value settlement, and rights transfer.