China Advances Tokenized Bond Infrastructure as Regulators Tighten Stance on Stablecoins

China expanded its state-directed digital-asset infrastructure this week as Hua Xia Bank issued 4. 5 billion yuan ($600 million) in tokenized bonds while authorities likewise reasserted restrictions on stablecoins and cryptocurrency activity. source: https://www.cryptoprowl.com/releases/china-advances-tokenized-bond-infrastructure-as-regulators-tighten-stance-on-stablecoins-529