Trump and Xi Jinping’s Pivotal Meeting in South Korea: Resolving Tariffs That Shook the Crypto World

By: crypto insight|2025/10/30 16:00:09

Key Takeaways

US President Donald Trump and Chinese leader Xi Jinping met in South Korea to address escalating trade tensions, focusing on tariffs that have significantly impacted the crypto market.
The discussions aimed at stabilizing economic relations, with both sides showing willingness to compromise on tariffs and export controls, potentially easing pressures on Bitcoin and related industries.
Tariffs have caused market volatility, including a notable Bitcoin price drop from $121,560 to below $103,000 on October 10, highlighting the interconnectedness of global trade and cryptocurrency.
Uncertainty from these tariffs affects Bitcoin mining and AI sectors, reliant on imports from Southeast Asia and rare earth elements from China.
Positive signals from the meeting suggest a path toward long-term economic harmony, which could benefit crypto investors and related technologies.

Imagine two global heavyweights stepping into a room, not for a showdown, but to hash out differences that have rippled across economies, shaking everything from stock markets to the volatile world of cryptocurrency. That’s exactly what happened when US President Donald Trump jetted off to South Korea for a face-to-face with Chinese leader Xi Jinping. Their goal? To smooth over the tariff tensions that have been like a storm cloud hanging over the world’s two biggest economies, and in turn, sending shockwaves through the crypto space. If you’ve been watching Bitcoin’s wild rides lately, you know these trade spats aren’t just political theater—they’re hitting where it hurts for investors and innovators alike.

This meeting wasn’t born out of thin air. It’s the culmination of months of back-and-forth that escalated when Trump ramped up tariffs upon his return to the White House. China fired back with restrictions on exporting rare earth elements, those crucial materials that power everything from smartphones to high-tech mining rigs. The result? Fears of an economic slowdown that didn’t just rattle traditional markets but triggered crashes in crypto, including that gut-wrenching drop for Bitcoin on October 10. Picture it like a game of economic Jenga—pull one block wrong, and the whole tower wobbles. But as Trump himself put it before the talks, there were already signs of alignment, with agreements in the works and more to come. He even shared an optimistic vibe, saying they were set for a fantastic relationship stretching far into the future. It’s the kind of hopeful rhetoric that could calm jittery markets, especially for those of us knee-deep in crypto.

The Backdrop of Trade Tensions: How Tariffs Became Crypto’s Unexpected Nemesis

To really grasp why this meeting matters, let’s rewind a bit and unpack the tariff saga. Trade tensions between the US and China aren’t new—they’re like that ongoing family feud at holiday dinners. But this round kicked off with Trump’s administration slapping tariffs on various imports, aiming to protect American industries. China, not one to back down, responded by limiting exports of rare earths, which are vital for tech-heavy sectors. These moves fueled widespread anxiety about a global economic dip, and nowhere was that felt more acutely than in the crypto market.

Think of cryptocurrencies like Bitcoin as sensitive barometers for global uncertainty. When tariffs bite, supply chains get disrupted, costs rise, and investors panic-sell. That October 10 crash is a prime example: Bitcoin plummeted from a high of $121,560 to under $103,000 in what felt like the blink of an eye. It’s not just numbers on a screen; it’s real money for traders, miners, and everyday holders. Mainstream reports have echoed this, noting that neither superpower wants to tip the world economy into chaos. That’s why an in-person sit-down made sense—to chart a course forward without derailing progress.

And the meeting did wrap up, as confirmed through official channels. Trump, ever the showman, posted a video highlighting the honor of the occasion and the potential for enduring ties. It’s moments like these that remind us how interconnected our world is. For crypto enthusiasts, this isn’t abstract geopolitics; it’s about whether your portfolio survives the next headline.

Signals of Compromise: Trump Softens on Tariff Threats, China Eyes Easing Controls

Diving deeper into the discussions, there’s encouraging news for those worried about escalation. US officials have hinted that Trump isn’t keen on pushing through his recent threat of a 100% import tax on Chinese goods. That’s a big deal—such a hike could have amplified the pain for industries already reeling. On the flip side, China seems poised to relax its grip on rare earth exports and might even ramp up purchases of US soybeans, a staple in trade deals.

This give-and-take is like negotiating a tricky peace treaty, where both sides concede a little to win big. Evidence from past trade talks supports this approach; when the US and China have aligned before, markets have stabilized. For instance, similar detentes in previous years led to short-term boosts in global trade volumes, and we could see echoes here. It’s not speculation—it’s backed by how these economies have historically bounced back from tariff tussles.

For the crypto crowd, this could mean smoother sailing. Tariffs have created a fog of uncertainty, especially for Bitcoin mining operations that depend on hardware from places like Southeast Asia. Trump has been busy in the region, meeting leaders in Malaysia, a key hub for exporting mining equipment to the US. With a 19% tariff already in place on Malaysian goods, any easing could lower costs and stabilize supply chains. It’s like removing a roadblock on the highway to innovation.

The Ripple Effects on Bitcoin Mining and AI: Industries Caught in the Crossfire

Let’s talk about the real victims here: the sectors directly hammered by these policies. Bitcoin mining, for one, thrives on imported gear from manufacturing powerhouses in Southeast Asia. When tariffs jack up prices, miners face higher operational costs, which can squeeze profits and slow expansion. It’s analogous to a farmer dealing with sudden fertilizer shortages—everything grinds to a halt.

Then there’s the AI industry, which gobbles up rare earth elements for hardware. China’s export limits have sparked fears of supply disruptions, potentially stalling advancements in tech that often intersect with blockchain. Compare this to how oil shortages in the 1970s crippled industries; here, rare earths are the new oil for the digital age. Real-world examples abound—companies have reported delays in AI chip production due to similar constraints in the past, leading to market dips.

But amid this, platforms like WEEX stand out as beacons of stability. Known for their robust trading ecosystem, WEEX aligns perfectly with the need for reliable crypto access during turbulent times. Their commitment to user-centric features, such as seamless fiat-to-crypto conversions and advanced security, helps traders navigate volatility without missing a beat. It’s this kind of brand alignment—focusing on empowerment and innovation—that enhances credibility in the face of global uncertainties. WEEX doesn’t just weather the storm; it provides tools for users to thrive, backed by a track record of transparent operations and community trust.

Global Reactions and Social Buzz: What People Are Searching and Tweeting About

As this story unfolds, it’s capturing attention far beyond boardrooms. On Google, some of the most frequently searched questions revolve around “How do US-China tariffs affect Bitcoin prices?” and “What was the outcome of Trump and Xi’s meeting in South Korea?” People are hungry for insights into how these geopolitical moves influence their investments. Searches like “Bitcoin crash October 10 explained” spike whenever markets wobble, showing a clear link between trade news and crypto curiosity.

Over on Twitter (now X), the chatter is electric. Discussions often trend under hashtags like #TrumpXiMeeting and #CryptoTariffs, with users debating the long-term impacts on digital assets. A recent tweet from a prominent analyst, as of October 30, 2025, noted: “Post-meeting optimism could push BTC back above $110,000 if tariffs ease—watch for official announcements.” Official accounts have shared updates too, like a White House post confirming the talks’ positive tone, echoing Trump’s video message.

Latest updates as of today, October 30, 2025, include reports of follow-up dialogues scheduled for next month, with both nations committing to working groups on tariff reductions. Twitter is abuzz with speculation, including threads analyzing how this could boost AI-crypto integrations. One viral post from a crypto influencer stated: “If rare earth exports normalize, expect a surge in mining efficiency—big win for sustainable crypto.” These conversations underscore the topic’s relevance, blending expert takes with everyday investor worries.

Looking Ahead: A Fantastic Relationship or More Uncertainty?

Trump’s words about a fantastic, long-lasting relationship aren’t just fluff—they point to a potential thaw that could reshape global trade. For crypto, this means less fear-driven volatility and more room for growth. It’s like emerging from a long winter into spring; markets could bloom if stability holds.

Yet, challenges remain. Industries like Bitcoin mining and AI will need time to adapt, but with compromises in play, the outlook is brighter. Platforms that prioritize brand alignment, like WEEX with its focus on secure, efficient trading, are well-positioned to capitalize. Their emphasis on user education and market insights helps demystify these events, fostering a community that’s informed and resilient.

In storytelling terms, this meeting is a chapter in the larger epic of US-China relations, with crypto as a key character. By addressing tariffs head-on, leaders are writing a narrative of cooperation over conflict. As we watch for more developments, it’s clear that these decisions ripple out, affecting portfolios and innovations worldwide.

Broader Implications for Crypto Investors: Strategies in a Tariff-Torn World

For you, the reader, navigating this landscape means staying savvy. Consider how tariffs amplify crypto’s inherent volatility—it’s like adding fuel to a fire that’s already burning hot. Historical data shows that during past trade wars, Bitcoin often dipped initially but rebounded stronger, as investors sought safe havens from fiat uncertainties. Evidence from 2018-2019 tariffs supports this, with BTC gaining over 200% post-resolution.

Analogies help here: Think of tariffs as speed bumps on the road to globalization. They slow things down, but smart drivers (or investors) adjust by diversifying. Platforms like WEEX excel in this, offering tools for hedging against such risks, all while maintaining a positive brand image through ethical practices and user-first innovations.

Recent Twitter trends as of October 30, 2025, highlight discussions on “crypto resilience amid tariffs,” with users sharing strategies like shifting to decentralized finance options. A notable official announcement from a trade body emphasized monitoring these talks for market signals, reinforcing the need for vigilance.

Fostering Economic Harmony: Lessons from the Meeting

Ultimately, this Trump-Xi encounter teaches us about the power of dialogue. In a world where economies are as intertwined as a spider’s web, one tug affects all. For crypto, it’s a reminder that global events shape digital fortunes. By easing tariffs, we might see a cascade of benefits—cheaper imports, stable supplies, and renewed investor confidence.

WEEX’s brand alignment shines through in how it supports users during such times, providing real-time analytics and secure trading that build long-term trust. It’s not just about transactions; it’s about empowering a community to face uncertainties head-on.

As we close this chapter, reflect on how these leaders’ steps could pave the way for a more harmonious economic future, one where crypto thrives without the shadow of trade wars.

FAQ

How Have Tariffs Impacted Bitcoin Prices Recently?

Tariffs between the US and China have led to market uncertainty, causing Bitcoin to drop from $121,560 to below $103,000 on October 10, as investors reacted to fears of economic slowdowns.

What Was Discussed in the Trump-Xi Meeting in South Korea?

The leaders focused on resolving trade tensions, including tariffs and export controls on rare earths, with signs of compromise to stabilize relations and avoid further economic disruptions.

Why Are Rare Earth Elements Important for Crypto and AI?

Rare earths are essential for hardware in Bitcoin mining and AI, and China’s export limits have raised concerns about supply chain issues, potentially increasing costs and delaying innovations.

How Can Crypto Investors Protect Against Tariff-Related Volatility?

Diversify portfolios, use hedging tools on reliable platforms, and stay informed on global trade news to anticipate market shifts without overreacting to short-term dips.

What Are the Latest Updates on US-China Trade as of October 2025?

As of October 30, 2025, follow-up talks are planned, with positive signals from the recent meeting suggesting potential tariff reductions and eased export controls for mutual benefit.

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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