China bans stablecoin and RWA issuance by foreign and domestic companies

China bans stablecoin and RWA issuance by foreign and domestic companies
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The Peoples Bank of China (PBOC), the countrys central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins… [+2299 chars]

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