China Signals Hard Line on Crypto While Fast-Tracking Digital Yuan Expansion

China’s central bank has reinforced its long-standing opposition to private cryptocurrencies while accelerating the rollout of its state-backed digital currency, according to outcomes from the People’s Bank of China (PBOC) 2026 Working Conference held on January 5–6, 2026. source: https://www.ethnews.com/china-signals-hard-line-on-crypto-while-fast-tracking-digital-yuan-expansion/