People’s Bank of China, Ministry of Industry and Information Technology, Ministry of Public Security and Five Other Departments, Circular on Further Guarding Against and Dealing with Risks Associated with Virtual Currencies

中国人民银行、工业和信息化部、公安部等关于进一步防范和处置虚拟货币等相关风险的通知

China prohibits issuing of stablecoins linked to the renminbi overseas without explicit regulatory approval / CLP Reference: 3600/26.02.06(1) ; Issued: 2026-02-06 ; Effective: 2026-02-06

By Susan Mok

Issued: February 6, 2026
Effective: as of date of issuance

Main contents: Virtual currencies do not have the same legal status as legal tender. Virtual currencies such

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