China Enforces Broad Ban on RMB-Linked Stablecoins and Real-World Asset Tokenization
On February 6, 2026, the People’s Bank of China (PBOC) and seven Chinese agencies released a strict rule. The rule stops most crypto acts in China. It targets yuan-based stablecoins and tokens that stand for real assets. The rule shows China now controls digital money more tightly.
Scope of the Ban
The rule stops the unapproved creation of yuan-tied stablecoins. It does not matter if a token is made in China or abroad for Chinese users. The rule also stops the creation or trade of tokens that stand for real assets like stocks, bonds, or property. All activities must have a green light from regulators before they start. Companies that run groups outside China cannot serve users in mainland China with virtual money or tokenized assets. The rule makes China’s controls work even outside its borders.
Leaders from the PBOC, the China Securities Regulatory Commission, the Ministry of Industry and Information Technology, and other money groups spoke together. They called crypto acts illegal. They said these acts break money rules and bring many risks.
Reasons Behind the Ban
State media said the rule keeps the money and trade system safe. Officials fear that fast trades, moving money out of the country, scams, money crimes, and risks to family savings may grow in unmonitored digital markets.
The rule is one step in China’s long change in money rules. Since 2021, China has cut crypto acts. It stopped Bitcoin mining and moved much of the work outside China. Recently, China has pushed its own digital money, the e-CNY. In January 2026, China allowed new wallets that give interest for the digital yuan. The new rule on tokens for real assets is the largest yet. It stops new digital money types that might bypass China’s strict money rules.
The Global Rule Contrast
China’s rule stands apart from rules in other lands. In the United States, lawmakers work on acts like the Stablecoin TRUST Act and GENIUS Act. These acts put rules around stablecoins to keep users safe. The European Union made MiCA rules that fix clear steps for stablecoin makers.
Hong Kong took a mixed road. It set standards and rules for stablecoin firms with reserve and work rules. This method is more open than rules on mainland China.
China’s rule shows a clear plan. It stops private efforts on tokenized money types. The plan focuses on using the state-run digital yuan and fixed money markets.
Market and Industry Impact
The rule made crypto markets move fast for a short time. Assets with stablecoins and token funds saw change. Many already knew about China’s long stance against crypto, so feelings stay mixed.
Experts from outside China see the rule as a change. They say crypto work on stablecoins and tokenized assets will shift to lands with clear rules that help growth. This move may change where new blockchain money types will start.
Looking Ahead
China’s rule tells makers and users that digital money types must work under strict state check. The rule fits China’s view of digital money built on state control. It puts the state-run digital yuan first and cuts off set-up from other kinds.
Global work on blockchain tokens and digital money grows. These tokens let things like real estate, stocks, and bonds change into digital forms and get traded with clear records on blockchains. China’s rule may slow this work at home. Outside China, many lands still fine-tune rules to fix both progress and money risks.
For groups in real estate and other asset fields that try to change assets into tokens for more safe trade and easier ownership, China’s rule shows the side effects that come with global money shifts. New rules around the world will help shape the future for tokenized assets and digital money markets.
Stay connected with BitKE for updates on digital asset rules and changes from around the world.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with nGRND.
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