Beijing has just clarified its position in a radical way. The People's Bank of China formally bans the issuance of stablecoins backed by the yuan and tokenized Beijing has just clarified its position in a radical way. The People's Bank of China formally bans the issuance of stablecoins backed by the yuan and tokenized
China Bans Stablecoins in Push for Stronger Monetary Control
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Beijing has just clarified its position in a radical way. The People's Bank of China formally bans the issuance of stablecoins backed by the yuan and tokenized assets, for both Chinese and foreign companies. A red line now established.
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