China Strengthens Measures Against Virtual Currencies, Stablecoins, and RWA Tokenization

TLDR China’s central bank reaffirms a blanket ban on crypto activities, including trading, issuance, and mining. Virtual currencies like Bitcoin and Ethereum are prohibited from being used as currency under Chinese regulations. The government has imposed strict bans on stablecoin issuance linked to the Chinese Yuan without approval. RWA tokenization activities are restricted unless explicitly [...]

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