China Reinforces Crypto Ban and Tightens Rules on Stablecoins and RWA Tokenisation
Eight Chinese government agencies — led by the People's Bank of China (PBoC) — issued a joint notice on 6 February reinforcing the country's cryptocurrency ban, clarifying tightened rules on stablecoins and real-world asset (RWA) tokenisation, and announcing a new joint task force to combat illegal financial activity.
