Logo 09 Feb 2026

China bans unauthorized issuance of RMB stablecoins

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Authorities have shut the door on yuan-based stablecoins. What happened: On February 6, the central bank (PBoC) and seven other agencies issued a joint notice tightening China’s 2021 ban on cryptocurrency trading and services. The notice explicitly bars the issuance of yuan-pegged stablecoins, both ...



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