The PBOC (China’s central bank) and CSRC (China’s securities regulator) outline stricter oversight for virtual currencies and offshore tokenization of real-world assets.
On February 6, 2026, the People’s Bank of China (PBOC) issued Yin Fa [2026] №42 addressing risks in virtual currencies, while the China Securities Regulatory Commission (CSRC) published guidelines for offshore issuance of real-world asset (RWA) tokens using onshore assets. These measures signal tighter regulatory control over both domestic and cross-border digital asset activities, focusing on risk mitigation and compliance with Chinese financial laws.