China Expands Crypto Restrictions to RWA Tokens and Offshore Yuan Stablecoins

Beijing has intensified its crypto regulations by banning RWA tokenization and unauthorized issuance of offshore yuan stablecoins.

The Chinese government has taken a firmer stance on cryptocurrency regulations, extending its previous bans to cover the tokenization of real-world assets (RWA) and the issuance of unapproved offshore yuan-backed stablecoins.

This development showcases China's ongoing commitment to enforcing strict controls over its financial ecosystem, as authorities aim to curb risks associated with digital currencies.