TLDR
- China expands crypto ban with strict rules on stablecoins and RWA tokens
- Beijing targets offshore stablecoins in sweeping crypto enforcement push
- New China directive tightens crypto, stablecoin and tokenization controls
- Regulators widen crypto crackdown and reshape global compliance rules
- China blocks yuan stablecoins and strengthens RWA token restrictions
China issues a new notice that expands its long-standing crypto ban and strengthens rules for stablecoins and RWA tokenization. Authorities intensify enforcement across domestic and offshore channels, and the update reshapes the global compliance landscape. The directive marks a decisive step as regulators reinforce financial order.
Beijing Expands Enforcement Scope
China widens its crypto ban to cover offshore yuan-linked stablecoin issuance and new RWA structures. Regulators say recent activity disrupted financial order, and they now seek stronger national safeguards. The updated notice also broadens domestic restrictions on trading services.
Authorities reaffirm that all virtual currencies lack legal tender status, yet they now underline risks linked to tokenized assets. They state that unauthorized RWA issuance may violate financial laws, and they require strict approval for permitted activity. This expansion confirms Beijing’s intent to strengthen its crypto ban further.
Regulators additionally bar foreign platforms from offering tokenization services to local users, and they require full compliance. They emphasize the importance of coordinated supervision, and they direct all provinces to intensify oversight. These steps show a deeper enforcement shift within the long-running crypto ban system.
Stablecoins Face Stronger Restrictions
China targets yuan-linked stablecoins as a priority focus, and it directly expands the national crypto ban framework. Regulators declare that no domestic or foreign entity may issue such assets without formal approval. This move closes major gaps previously used by offshore issuers.
Officials tighten oversight of intermediaries that support stablecoin activity, and they restrict financial institutions from enabling related services. They also reinforce rules that prevent custody, settlement, or listing of such products. These actions strengthen compliance requirements under the wider crypto ban agenda.
Authorities add stronger controls on online platforms that promote stablecoin activity, and they mandate fast removal of related applications. They instruct market supervisors to block firms from using prohibited terms, and they elevate advertising oversight. This signals a firm extension of China’s crypto ban into digital content channels.
RWA Tokenization Rules Strengthened
China moves to formally prohibit unauthorized RWA tokenization, and it folds the sector into its tighter crypto ban policy. Regulators classify tokenized rights as high-risk assets and require use of approved financial infrastructure. This introduces new standards for platforms operating within the mainland.
Officials also restrict offshore tokenization linked to domestic assets, and they apply the principle of equal supervision. They mandate regulatory filings for cross-border structures, and they extend liability to controlled foreign entities. These measures create a unified set of rules across jurisdictions.
Authorities strengthen monitoring tools for RWA activity, and they direct agencies to share data across systems. They plan rapid responses to irregular transactions, and they reinforce penalties for violations. These steps embed RWA oversight firmly within China’s expanding crypto ban framework.
