China Expands Measures Against Cryptocurrency and Stablecoins

Reinforcement of China's Cryptocurrency Regulations

China's financial regulatory institutions published a statement reiterating the bans on cryptocurrency trading and stablecoins enacted in 2021. These measures particularly cover international transactions.

Strict Control Over Asset Tokenization

The statement indicated that specific stringent controls would be implemented for the tokenization of real-world assets, allowing only limited exceptions. It also mentioned that the cryptocurrency and tokenization activities of China-based firms abroad would be subjected to increasing scrutiny.