#ChinaShapesCryptoRules China has sharply escalated its crypto ban with new rules issued Feb 6, 2026—closing offshore loopholes and targeting yuan stablecoins and RWA tokenization for the first time.
Eight central agencies (PBOC, NDRC, MIIT, MPS, SAMR, NFRA, CSRC, SAFE) jointly issued the notice . This is not a shift—it is an explicit extension of the 2021 ban into previously ambiguous areas .
What is newly banned or clarified
1️⃣ Yuan stablecoins (absolute ban)
No entity or individual—onshore or offshore—may issue a yuan-pegged stablecoin abroad without approval . Rationale: stablecoins per