🇨🇳⚠️ Three Key Points Worth Watching in China's New #Cryptocurrency Policies
On February 6, 2026, PBOC and ministries issued Yin Fa [2026] №42 on #virtual currency risks, while CSRC released Guidelines on Offshore RWA Token Issuance Using Onshore Assets. Key points:
- RMB-denominated stablecoins prohibited
- RWA tokenization not permitted onshore and must be offshore
- Offshore RWA issuance requires high standards with compliant high-quality onshore assets and CSRC filing including reports, documents, and disclosures on entities, assets, and token structure
RWA regulation comparable to liste