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 …