China’s Crackdown on RMB Stablecoins and Tokenized Assets Leaves Offshore Door Partially Open
China’s latest regulatory statement on RMB stablecoins and real world asset tokenization has reinforced long standing domestic restrictions, but it stops short of imposing a blanket offshore ban. Issued on February 6 by the People’s Bank of China alongside the China Securities Regulatory Commission and six other agencies, the notice reiterates that issuing RMB pegged […]