A report by the Beijing Business Daily has revealed that cryptocurrency traffic diversion tactics have infiltrated popular Chinese platforms such as Xiaohongshu, Taobao, and Xianyu. These platforms, typically known for lifestyle content and e-commerce, are being used to covertly direct users to cryptocurrency trading sites. Methods include creating engaging topics, building personal brands, and embedding advertising links. Industry experts suggest that a concerted effort is needed to combat these practices, involving regulators, platforms, and users. The People's Bank of China (PBOC) has reiterated its commitment to cracking down on virtual currency operations and speculation, with Governor Pan Gongsheng emphasizing ongoing efforts to maintain financial order. Since 2017, the PBOC has implemented several policies to mitigate risks associated with cryptocurrency trading in China.