China’s Cryptocurrency Ban Goes Global

China’s regulators just extended their hardline approach to digital assets, and this time it hits overseas yuan-pegged stablecoins head-on. In a joint regulatory notice, the People’s Bank of China and seven other agencies declared that no entity, Chinese or foreign, may issue yuan-linked stablecoins outside China without specific approval. com source: https://techgaged.com/chinas-cryptocurrency-ban-goes-global/