China’s Crypto Ban Just Got Worse For Stablecoins and RWAs
China’s top financial regulators have significantly extended the existing crypto ban. This expansion specifically targets stablecoin issuances and the tokenization of real-world assets.
The joint notice was released Feb. 6 by eight agencies, including the People’s Bank of China and the China Securities Regulatory Commission. It represents the most aggressive tightening of capital controls since the landmark 2021 prohibition on Bitcoin mining and trading.
Sponsored
Sponsored
Beijing Shuts Offshore Loopholes in New Stablecoin Rules
The regulatory agencies cited a recent surge in virtual asset activities as a direct threat to the country’s financial stability and monetary sovereignty.
Under the new rules, foreign entities are…
