On October 1, 2026, reports revealed that China’s Ministry of State Security issued a firm warning to prospective foreign spies regarding digital currencies. The agency stated that blockchain activity is actively monitored, disputing claims that cryptocurrency payments offer true anonymity. It also highlighted the frequent involvement of digital assets in criminal enterprises.
While China took a firmer stance against digital assets, other Asian markets shifted in different directions. Singapore saw its cryptocurrency economy expand by 55 percent, cementing its leadership position in the region. At the same time, South Korea prepared to make cryptocurrency market makers legal.
These announcements coincided with price updates across several major digital tokens. Bitcoin recorded a price of $84,900.46, Ethereum stood at $2,706.83, and Solana reached $118.61. Other assets listed included Binance Coin at $772.39, Cardano at $0.2461, and Monero at $545.74.
For traders holding open perpetual futures contracts on platforms like Bitget, Bybit, MEXC, or OKX, these government warnings and policy updates change nothing directly regarding funding rates, trading fees, or margin requirements. Unless official enforcement directly cuts off exchange access or halts liquidity providers, active leverage positions remain structurally unaffected.
Source: cointelegraph — China warns foreign spies about crypto, Singapore dominates Asia: Asia Express