The People's Bank of China and seven other departments: Strictly prohibit illegal RWA tokenization activities, and virtual currency-related businesses are considered illegal financial activities. The People's Bank of China, the National Development and Reform Commission, the China Securities Regulatory Commission, and other eight departments jointly issued the "Notice on Further Preventing and Managing Risks Related to Virtual Currencies and Others" (Yinfa [2026] No. 42).
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The People's Bank of China and seven other departments: Strictly prohibit illegal RWA tokenization activities, and virtual currency-related businesses are considered illegal financial activities. The People's Bank of China, the National Development and Reform Commission, the China Securities Regulatory Commission, and other eight departments jointly issued the "Notice on Further Preventing and Managing Risks Related to Virtual Currencies and Others" (Yinfa [2026] No. 42).