China Reaffirms Crypto Ban and Tightens Rules on Stablecoins and RWA Tokenization
China has reinforced its prohibition on cryptocurrency activity while issuing clearer restrictions on stablecoins and the tokenization of real world assets, signaling a coordinated escalation in oversight across multiple government agencies. In a joint notice released on February 6, eight major authorities reaffirmed that virtual currency related business activities constitute illegal financial conduct under existing […]
