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Coinpedia 2026-07-02 09:27:10

China’s New Crypto Ban Explained: Stablecoins, RWA, and the Digital Yuan

China’s New Crypto Ban Explained: Stablecoins, RWA, and the Digital Yuan

The post China’s New Crypto Ban Explained: Stablecoins, RWA, and the Digital Yuan appeared first on Coinpedia Fintech News China is tightening the screws on crypto again. The People’s Bank of China and seven other government agencies released a revised joint notice on Friday, banning unauthorized offshore issuance of yuan-pegged stablecoins. The notice also brings RWA tokenization under regulatory control for the first time. The agencies stated that stablecoins pegged to fiat currencies “perform …

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