🇨🇳 China Tightens Its Grip: New Crackdown Bans Stablecoins, Airdrops, Mining — Even RWA Tokenization
China has issued a fresh joint notice from seven major financial regulators declaring all crypto-related activities illegal, including stablecoins, airdrops, mining, and — for the first time — RWA tokenization 🔥
Authorities have set up a “four-layer security wall” to block every possible channel — financial, technical, payment, and capital-market — to prevent money laundering and capital flight.
The notice reiterates that crypto has no legal currency status, and providing any crypto-related services counts as illegal financial activity.
The move reinforces China’s Zero-Crypto stance, while pushing the state-controlled e-CNY as the only acceptable digital asset in the country 🇨🇳
💭 What do you think — will this push crypto further underground or strengthen financial control as intended? 👇
