7. The Central Bank and Seven Other Departments Jointly Issue a Document: Fully Ban Virtual Currency Trading and RWA Tokenization Activities
On February 6, 2026, the People's Bank of China, in conjunction with seven departments, issued the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Matters" (Yin Fa [2026] No. 42). It clarifies that virtual currencies do not have the status of legal tender, and related business activities are considered illegal financial activities. The notice prohibits virtual currency trading and the tokenization of real-world assets (RWA) within the country. Without approval from relevant departments, domestic entities are not allowed to issue virtual currencies or conduct tokenization activities abroad. 💡 Direct impact on compliance
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7. The Central Bank and Seven Other Departments Jointly Issue a Document: Fully Ban Virtual Currency Trading and RWA Tokenization Activities
On February 6, 2026, the People's Bank of China, in conjunction with seven departments, issued the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Matters" (Yin Fa [2026] No. 42). It clarifies that virtual currencies do not have the status of legal tender, and related business activities are considered illegal financial activities. The notice prohibits virtual currency trading and the tokenization of real-world assets (RWA) within the country. Without approval from relevant departments, domestic entities are not allowed to issue virtual currencies or conduct tokenization activities abroad.
💡 Direct impact on compliance