China says tokenisation illegal under existing framework
PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets
China’s authorities have said real-world asset tokenisation is illegal under existing regulations, marking the first time regulators have explicitly referenced the process when discussing their ban on crypto assets.
A joint statement by the People’s Bank of China, the country’s financial regulator and five other agencies on February 6 said real-world asset tokenisation services, and the provision of related technology, were banned. The statement also said Chinese companies were prohibited from
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