On Chinese social media, Coinbase and cryptocurrencies are treated with cynicism, as is news of a major mining GPU smuggling bust in Hong Kong. Many locals were taken aback by the news, demonstrating that cryptocurrency use is still uncommon in the world's most populous country. Despite China's rapid adoption of DCEP, other digital payments, and internet technology, cryptocurrency acceptance is still restricted. Standards for blockchain-related media material were provided by the State Administration of Radio, Film, and Television.