The People's Bank of China (PBoC) has announced new anti-money laundering (AML) regulations for trading precious metals and gemstones, effective August 1, 2025.
New PBoC AML Measures
The PBoC has issued the "Anti-Money Laundering and Anti-Terrorist Financing Management Measures for Precious Metals and Gemstones Institutions," which will be in force from August 1, 2025. These measures expand AML requirements, covering the entire industry chain with increased thresholds for reporting. The threshold for reporting large transactions will rise from CNY 50,000 to CNY 100,000. This change enhances regulatory coverage, focusing more on cash-based retail transactions.
Impact on Global Crypto and Financial Markets
China's latest AML regulations reflect a significant shift, doubling the transaction reporting threshold and highlighting a broader global trend towards stringent financial oversight. Bitcoin (BTC) is currently trading at $106,630.58, with a market cap of $2.12 trillion, indicating its dominant market position despite minor price fluctuations. This regulatory tightening may lead to tighter controls at the intersection of cash and digital assets, particularly affecting crypto-metals exchanges.
Conclusion
Thus, PBoC's new measures signal significant changes for the precious metals market while attempting to strengthen controls against money laundering through emerging technologies and trading.
The new PBoC requirements emphasize China's commitment to enhancing the oversight of financial flows and preventing money laundering through advanced technologies and precious metals trading.
