The People's Bank of China and seven other departments jointly issue a document: Fully ban virtual currency trading and RWA tokenization activities

2026-02-06 13:07:17

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Deep Tide TechFlow News, February 6th, the People’s Bank of China, in conjunction with seven departments, released the “Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Activities” (Yinfa [2026] No. 42), clarifying that virtual currencies do not have the status of legal tender, and related business activities are considered illegal financial activities.

The notice prohibits virtual currency trading and real-world asset (RWA) tokenization activities within the country. Without approval from relevant authorities, domestic entities are not allowed to issue virtual currencies or conduct tokenization businesses abroad.

Financial institutions are not permitted to provide services for related activities, and internet companies are not allowed to offer online venues or promotional activities. The notice calls for strengthened risk monitoring and industry regulation, and a crackdown on related illegal activities. This notice takes effect from the date of issuance and repeals the relevant regulations from 2021.

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