The People’s Bank of China (PBoC) just released a new circular expanding the current ban on cryptocurrencies and other related technologies in the country. China’s central banking institution [machine translated] broadened the 2021 restrictions to include real-world asset (RWA) tokenization, even including offshore tokenization of domestic assets and rights, unless approved by a regulated body. Aside from the PBoC, seven other agencies signed the announcement, including the Ministry of Industry…

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