The post China Reaffirms Crypto and Stablecoin Ban appeared on BitcoinEthereumNews.com.

China reaffirms crypto ban blocking token issuance, trading, mining and unapproved stablecoins with strict nationwide enforcement. China’s central bank and financial regulators have restated strict controls on crypto activities. Authorities confirmed that virtual currencies are not legal tender. They also said related business activities remain illegal. The statement signals tighter enforcement across domestic and overseas-linked operations. Ban Expanded to Issuance and Controlled Overseas Entities The People’s Bank of China said domestic entities cannot issue virtual currencies without approval. It also extended the rule to overseas entities controlled by Chinese firms. The restriction covers tokens, stablecoins, and similar instruments. 🇨🇳 CHINA CRACKS DOWN ON CRYPTO China’s central bank has tightened crypto rules, banning domestic and controlled overseas entities from issuing virtual currencies without approval. Authorities reaffirm that crypto is not legal tender and label related business activities as… — *Walter Bloomberg (@DeItaone) February 6, 2026 Regulators said any issuance must follow designated approval channels. Activities outside approved frameworks are prohibited. Authorities emphasized that crypto issuance poses financial and security risks. Officials said the ban applies regardless of where issuance occurs. Control and benefit links to domestic entities fall under supervision. This approach aims to close regulatory gaps. Trading, Mining, and Stablecoins Face Renewed Enforcement According to Wu Blockchain, authorities reiterated a blanket ban on crypto trading and mining. Regulators said exchanges and intermediaries cannot provide related services or offer payment support and marketing. China’s central bank and regulators reiterated a blanket ban on crypto activities, including trading, issuance, mining, and unapproved RMB-linked stablecoins, and said RWA tokenization is generally prohibited unless explicitly approved under designated financial infrastructure,… — Wu Blockchain (@WuBlockchain) February 6, 2026 Regulators addressed stablecoins linked to the renminbi. Regulators said authorities prohibit unapproved RMB-linked stablecoins and ban their issuance and circulation without approval. Officials cited risks including money…

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Filed under: News - @ February 7, 2026 3:23 am