China Escalates Crypto Crackdown, Targets Stablecoins and RWA Tokenization

China has significantly expanded its crypto enforcement framework after eight major national agencies issued a joint notice on February 6, intensifying restrictions on stablecoins and real-world asset (RWA) tokenization. The move represents Beijing’s most aggressive regulatory escalation since the sweeping 2021 ban on crypto mining and trading. source: https://www.ethnews.com/china-escalates-crypto-crackdown-targets-stablecoins-and-rwa-tokenization/