China Reaffirms Crypto Ban, Cracks Down on Yuan Stablecoins and Tokenized Assets
Concerns about China’s stance on digital assets have resurfaced as Bitcoin drifts deeper into bear market conditions. Chinese authorities have announced a tighter interpretation of their existing cryptocurrency ban, moving to explicitly outlaw activities tied to real-world asset (RWA) tokenization and unapproved stablecoins tied to the yuan. In a joint action led by the People’s Bank of China alongside multiple enforcement agencies, Beijing made clear that its stance on crypto remains unchanged. Although trading and mining were effectively outlawed in 2021, the latest guidance is designed to close gaps that allowed some investors and companies to maintain indirect exposure through…





