China bans most yuan stablecoins — but leaves a tiny loophole

The Chinese government’s decision to ban most yuan-pegged stablecoins and real-world assets will impact the entire world, Chinese analysts claim. Real-world assets, or RWAs, are tokenised property rights in tangible or intangible assets — including property, bonds, commodities such as gold, and artworks — issued on blockchain networks. Implementing China’s new, enhanced regulatory policies “will have a comprehensive impact” on all cryptocurrency-related industries, Wang Peng, an associate research fello ...