China Intensifies Crypto Crackdown: Stablecoins and Asset Tokenization Now in Focus

Chinese authorities are broadening the scope of their regulatory crackdown on the cryptocurrency sector. The latest measures now explicitly target stablecoins and the tokenization of real-world assets (RWA). This expansion signifies a continued hardline stance against decentralized financial activities, aiming to mitigate potential risks to the country's financial stability and capital controls. The move underscores China's commitment to a tightly controlled digital financial environment, potentially impacting global crypto markets and innovation in blockchain-based asset representation.