Crypto

China bans stablecoin and RWA issuance by foreign and domestic firms

China has imposed a blanket ban on issuing yuan-based stablecoins and real-world asset (RWA) tokens, Cointelegraph reported on Thursday. The report said the People’s Bank of China and seven regulators issued a joint statement prohibiting unapproved issuance of stablecoins and RWAs. The measure applies equally to foreign and domestic firms. The move comes as China promotes the digital yuan and follows a pause in related private-sector experiments in 2025.

Crypto

Galaxy Digital approves up to $200 million share buyback

Galaxy Digital has approved a 12-month share buyback program for up to $200 million of its Class A common shares, Cointelegraph reported. The repurchases may be made in the open market or through privately negotiated transactions under a 10b5-1 plan. Galaxy is not required to buy a specific amount and can halt the program at any time. The company is listed on Nasdaq and the Toronto Stock Exchange.