The strongest regulation is here, defining virtual currency-related businesses (such as exchange, trading, issuance of tokens, etc.) as illegal financial activities, and money earned outside can only be spent outside..$BTC $BTC
The People's Bank of China and eight other departments jointly issued the "Notice on Further Preventing and Addressing Risks Related to Virtual Currency and Other Related Risks" (Yin Fa [2026] No. 42) in February 2026, which is the latest policy document for regulating virtual currency in our country.
Clarifying the essential attributes of the business
1. Virtual Currency
- Does not have the same legal status as legal tender, does not have monetary value, and cannot be circulated and used as currency in the market.
- Engaging in virtual currency-related businesses (such as exchange, trading, issuance of tokens, etc.) within the country is considered illegal financial activities and is strictly prohibited.
- Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic subjects.
- It is prohibited to issue stablecoins pegged to the Renminbi abroad.
2. Tokenization of Real-World Assets (RWA)
- Refers to the activities of converting ownership rights, income rights, etc. of assets into tokens and issuing and trading them.
- Engaging in such activities and related intermediary services within the country is generally prohibited; exceptions are made for activities conducted with the consent of relevant authorities and relying on specific financial infrastructure.
- Foreign entities are not allowed to illegally provide RWA-related services to domestic entities.#卖U
The People's Bank of China and eight other departments jointly issued the "Notice on Further Preventing and Addressing Risks Related to Virtual Currency and Other Related Risks" (Yin Fa [2026] No. 42) in February 2026, which is the latest policy document for regulating virtual currency in our country.
Clarifying the essential attributes of the business
1. Virtual Currency
- Does not have the same legal status as legal tender, does not have monetary value, and cannot be circulated and used as currency in the market.
- Engaging in virtual currency-related businesses (such as exchange, trading, issuance of tokens, etc.) within the country is considered illegal financial activities and is strictly prohibited.
- Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic subjects.
- It is prohibited to issue stablecoins pegged to the Renminbi abroad.
2. Tokenization of Real-World Assets (RWA)
- Refers to the activities of converting ownership rights, income rights, etc. of assets into tokens and issuing and trading them.
- Engaging in such activities and related intermediary services within the country is generally prohibited; exceptions are made for activities conducted with the consent of relevant authorities and relying on specific financial infrastructure.
- Foreign entities are not allowed to illegally provide RWA-related services to domestic entities.#卖U