China Tightens Grip on Yuan Pegged Stablecoins and Tokenized Assets

## What Happened? The People's Bank of China (PBOC), along with seven other regulatory bodies, has recently issued a comprehensive directive targeting unapproved Renminbi (RMB) pe. . . source: https://biturai.com/en/news/china-tightens-grip-on-yuan-pegged-stablecoins-and-tokenized-assets-mleae84e