• China bans unapproved yuan stablecoins, tightening cross-border crypto oversight.
• Real-world asset tokenization faces strict limits, only approved projects allowed.
• Authorities target crypto fraud, illegal fundraising, and offshore tokenization risks.

China has reinforced its hardline position on cryptocurrencies by formally banning unapproved overseas issuance of yuan-linked stablecoins and sharply restricting real-world asset tokenization. The move signals a renewed regulatory push as authorities seek to close loopholes that emerged through offshore structures and new tokenization models. Consequently, market participants now face tighter oversight, broader enforcement, and fewer gray areas for cross-border crypto activity tied to China.

In a joint notice issued on February 6, regulators led by the People’s Bank of China reaffirmed that all crypto-related finan…

Read The Full Article China Reiterates Ban on Unapproved Overseas Yuan-Linked Stablecoins On Coin Edition.

• China bans unapproved yuan stablecoins, tightening cross-border crypto oversight.
• Real-world asset tokenization faces strict limits, only approved projects allowed.
• Authorities target crypto fraud, illegal fundraising, and offshore tokenization risks.

China has reinforced its hardline position on cryptocurrencies by formally banning unapproved overseas issuance of yuan-linked stablecoins and sharply restricting real-world asset tokenization. The move signals a renewed regulatory push as authorities seek to close loopholes that emerged through offshore structures and new tokenization models. Consequently, market participants now face tighter oversight, broader enforcement, and fewer gray areas for cross-border crypto activity tied to China.

In a joint notice issued on February 6, regulators led by the People’s Bank of China reaffirmed that all crypto-related finan…

Read The Full Article China Reiterates Ban on Unapproved Overseas Yuan-Linked Stablecoins On Coin Edition.