China bans stablecoin and RWA issuance by foreign and domestic companies

The latest announcement from the People's Bank of China follows months of flip-flopping on privately issued yuan-pegged stablecoins.
Source: China bans stablecoin and RWA issuance by foreign and domestic companies (https://cointelegraph.com/news/china-bans-stablecoin-rwa-foreign-domestic?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)