🇨🇳📊 China’s central bank and regulators reiterated a blanket ban on #crypto activities, including trading, issuance, mining, and unapproved RMBed stablecoins. They stated that RWA tokenization is generally prohibited unless explicitly approved under designated financial infrastructure, with enforcement intensified against related financial crimes and offshore operations. #stablecoin#crypto
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🇨🇳📊 China’s central bank and regulators reiterated a blanket ban on #crypto activities, including trading, issuance, mining, and unapproved RMBed stablecoins. They stated that RWA tokenization is generally prohibited unless explicitly approved under designated financial infrastructure, with enforcement intensified against related financial crimes and offshore operations. #stablecoin#crypto