China formalisiert Verbot von Yuan-Stablecoins

tldr; China’s central bank and regulators have formalized a ban on unapproved yuan-linked stablecoins and classified most real-world asset (RWA) tokenization as illegal. The notice frames cryptocurrencies, stablecoins, and tokenized assets as systemic financial risks, reaffirming their lack of legal tender status. The move aims to maintain monetary sovereignty and control over the digital yuan, prohibiting private market activities and requiring state approval for related financial activities. This marks another step in China’s ongoing crackdown on crypto-related activities.

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