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.
