Core Viewpoint - The People's Bank of China and other regulatory bodies have issued a notice to further prevent and address risks associated with virtual currencies and Real World Assets (RWA), emphasizing the illegal nature of virtual currency activities within the country [1][2]. Regulatory Stance - The notice reiterates a long-standing prohibitive policy stance against virtual currency activities, stating that virtual currencies do not hold the same legal status as fiat currencies and that any related activities within the country are illegal [1][2]. - It is specified that no domestic or foreign entities are allowed to provide virtual currency-related services to domestic subjects without proper authorization [2][3]. Stablecoins Regulation - The notice clarifies that stablecoins pegged to fiat currencies are effectively performing some functions of legal tender, and any issuance of stablecoins linked to the Renminbi outside of China requires approval from relevant authorities [2]. - It highlights the cross-border risk transmission associated with virtual currencies, necessitating strict regulations on the issuance of virtual currencies by domestic entities abroad [2][3]. RWA Tokenization - The concept of RWA tokenization is defined as the conversion of ownership and income rights of assets into tokens using encryption and distributed ledger technology [2]. - Activities related to RWA tokenization within the country are prohibited unless authorized by regulatory bodies, as they may involve illegal fundraising or securities issuance [2][3]. Cross-Border Business Regulations - Strict regulations are imposed on domestic entities engaging in RWA tokenization activities abroad, with oversight from various regulatory bodies to ensure compliance with existing laws [3][4]. - Any unauthorized business activities related to RWA tokenization are prohibited, and entities must seek approval before proceeding [3][4]. Financial Institutions Management - Financial institutions and intermediaries are required to manage their overseas operations in compliance with domestic regulations, including customer due diligence and anti-money laundering measures [4][5]. - Financial institutions are prohibited from providing services related to unauthorized RWA tokenization activities and must report any illegal activities to the relevant authorities [5][6]. Virtual Currency Mining Regulation - The notice emphasizes the ongoing crackdown on virtual currency mining activities, with local governments held accountable for identifying and shutting down existing mining projects [6]. - New mining projects are strictly prohibited, and companies involved in the production of mining equipment are not allowed to offer sales or services within the country [6].

最后，《通知》明确提出，未经相关部门依法依规同意，境内主体及其控制的境外主体不得在境外发行 虚拟货币。 记者获悉，虚拟货币依托区块链技术，支持点对点交易，突破物理上的"国境"概念，相关风险极易跨境 传导，国际金融组织和中央银行等金融管理部门对此普遍持审慎态度。 其次，《通知》强调，未经相关部门依法依规同意，境内外任何单位和个人不得在境外发行挂钩人民币 的稳定币。 "挂钩法定货币的稳定币在流通使用中变相履行了法定货币的部分功能，事关货币主权。"权威专家表 示。 （上接1版） 虚拟货币相关业务，均被定性为非法金融活动。《通知》具体提出，在境内开展法定货币与虚拟货币兑 换业务、虚拟货币之间的兑换业务、作为中央对手方买卖虚拟货币、为虚拟货币交易提供信息中介和定 价服务、代币发行融资以及虚拟货币相关金融产品交易等虚拟货币相关业务活动，一律严格禁止，坚决 依法取缔。 ...

《通知》明确，RWA代币化是指利用分布式账本等技术，将资产的所有权、收益权转化为代币进行发 行交易。文件表示，在境内开展此类活动及相关中介、技术服务，涉嫌非法公开发行证券、非法集资等 违法活动，原则上予以禁止。 其中提到，强化属地落实。各省级人民政府统筹负责本行政区域内虚拟货币、现实世界资产代币化相关 风险防范和处置工作，具体由地方金融管理部门牵头，国务院金融管理部门分支机构、派出机构以及电 信主管、公安、市场监管等部门参加，与网信部门、人民法院、人民检察院联动配合，健全常态化工作 机制，并与中央部门相关工作机制有效衔接，形成央地协同、条块结合的工作格局，积极预防、妥善处 理虚拟货币、现实世界资产代币化相关风险问题，维护经济金融秩序和社会稳定。 对于风险监测强化方面，中国人民银行、中国证监会、国家发展改革委、工业和信息化部、公安部、国 家外汇局和网信等部门将持续完善监测技术手段和系统支撑，加强跨部门数据综合研判和共享，建立健 全信息共享和交叉验证机制，及时掌握虚拟货币、现实世界资产代币化相关活动风险态势。各省级人民 政府充分发挥地方监测预警机制作用，地方金融管理部门会同国务院金融管理部门分支机构、派出机构 以 ...

虚拟货币属于非法金融活动 人民币稳定币发行受限 从境内禁令到跨境全链条管控，虚拟货币正迎来国内多部门的最强监管。 2月6日，中国人民银行、中国证监会等八部门联合发布《关于进一步防范和处置虚拟货币等相关风险的通知》（以下简称《通 知》），除了再度明确虚拟货币相关业务活动属于非法金融活动外，也首度提到境内外任何单位和个人不得在境外发行挂钩人民币的 稳定币，强调在境内开展现实世界资产（RWA）代币化活动以及提供有关中介、信息技术服务等，涉嫌非法发售代币票券、擅自公开 发行证券、非法经营证券期货业务、非法集资等非法金融活动，应予以禁止。 这场被业内称为"史上最严"的监管升级，不仅将境内虚拟货币业务彻底"围堵"，更是将触角延伸至境外发行环节。 禁令之下，币圈变天。哪些产业链将受到冲击？还有哪些合规空间？又要注意哪些风险？后续市场又将何去何从？ "这里说的是真实发行的机构，而不是此前在网络上申请牌照进行炒作的机构，这类机构本身就不在市场里。"王蓬博进一步解释称。 虚拟货币再度迎来强力整顿风暴。《通知》明确，境内对虚拟货币坚持禁止性政策，相关业务活动属于非法金融活动，一律严格禁 止，坚决依法取缔。 对于为何重申这一禁令，中 ...

2月6日，中国人民银行、国家发展改革委、工业和信息化部、公安部、市场监管总局、金融监管总局、 中国证监会、国家外汇局等八部门联合发布《关于进一步防范和处置虚拟货币等相关风险的通知》（以 下简称《通知》），严格监管虚拟货币、现实世界资产（RWA）代币化相关活动。 《通知》首次明确了RWA代币化定义，并明确"境内严禁，境外严管"的监管原则，禁止在境内开展 RWA代币化活动及为其提供有关服务；未经相关部门依法依规同意，境内主体及其控制的境外主体不 得在境外开展外债形式的RWA代币化业务，或者以境内资产所有权、收益权等（以下统称"境内权 益"）为基础在境外开展类资产证券化、具有股权性质的RWA代币化业务。 同时，中国证监会配套发布《关于境内资产境外发行资产支持证券代币的监管指引》（以下简称《指 引》），对以境内权益为基础在境外开展类资产证券化的RWA代币化业务依法依规进行严格监管。 境外严管 《通知》明确，对境内主体赴境外开展RWA代币化相关业务严格监管。应按照"相同业务、相同风险、 相同规则"的监管原则，境内主体直接或间接赴境外开展外债形式的RWA代币化业务，或者以境内权益 为基础在境外开展类资产证券化、具有股权性 ...

中概股普涨，纳斯达克中国金龙指数涨超2%，蔚来涨超10%，嘉楠科技涨超7%，理想汽车、万国数据涨超5%。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | SOS | 1.440 | 15.23% | | 劇来 | 5.187 | 10.36% | | MICROALGO | 4.026 | 8.21% | | 博美 | 1.315 | 7.80% | | 虎牙 | 4.630 | 6.68% | | 新氧 | 3.150 | 6.06% | | 世纪互联 | 10.710 | 5.83% | | 陆控 | 2.770 | 5.73% | | 川谷 | 1.030 | 5.49% | | 理想汽车 | 18.715 | 5.20% | | 万国数据 | 44.890 | 5.15% | 记者丨刘雪莹 编辑丨黎雨桐 北京时间2月6日晚，美股三大指数集体高开，截至23:00左右，三大股指均涨超1%，其中道琼斯指数触及新纪录高位，涨近850点，涨幅超 1.7%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 49757.31 | 22709. ...

Core Viewpoint - The recent notice issued by the People's Bank of China and eight other departments emphasizes that virtual currency and tokenization of real-world assets (RWA) are illegal financial activities, aiming to prevent risks and maintain national security and social stability [1][2][7]. Group 1: Virtual Currency Regulations - Virtual currencies do not have the same legal status as fiat currencies and cannot be used for circulation in the market [1][2]. - The notice prohibits any domestic entity or individual from issuing stablecoins pegged to the Renminbi abroad without approval from relevant authorities [1][7]. - Financial institutions are barred from providing services related to virtual currencies, including account opening, fund transfers, and issuing financial products linked to virtual currencies [5][6]. Group 2: RWA Tokenization Regulations - The notice defines RWA tokenization and states that conducting RWA-related activities domestically is considered illegal financial activity [4]. - Any intermediary or technical service related to RWA tokenization without approval is also deemed illegal [6]. - Entities are prohibited from providing services related to RWA tokenization unless authorized by relevant regulatory bodies [4][6]. Group 3: Enforcement and Compliance Measures - The notice highlights the need for cross-departmental collaboration to strengthen monitoring and enforcement against illegal activities related to virtual currencies and RWAs [5][8]. - There will be strict management of financial, intermediary, and technical service providers to prevent them from engaging in unauthorized activities [5][6]. - The notice establishes a framework for accountability, stating that individuals or entities assisting in illegal activities will face legal consequences [8].

境内虚拟货币相关业务活动再次被明令禁止！2月6日晚间，中国人民银行等八部门发布《关于进一步防范和处置虚拟货币等相关风险的通知》（下称 《通知》）。 | | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | 条法司 Legal Affairs Depar | | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 宏观审慎 | 信贷政策 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | | | 网送文告 | 办事大厅 | 在线申报 | 下载中心 | 网上调查 | | 首页 | | 2026年2月6日 星期五 我的位置:首页 > 条法司 > 规范性文件 | | | | 《通知》指出，违反本《通知》规定开展虚拟货币、现实世界资产代币化相关非法金融活动，以及为虚拟货币、现实世界资产代币化相关业务提供服务 的，依照有关规定予以处罚；构成犯罪的，依法追究刑事责任。对于明知或应知境外主体非法向境 ...

刷短视频弹出"投资稳定币保本保息"的诱人广告，亲友群里转发"海外理财捷径"，朋友圈看到"资产代 币化能躺着赚钱"……近年来，虚拟货币等炒作交易活动变换马甲、更新套路，不断将黑手伸向百姓"钱 袋子"。 2月6日，中国人民银行等8部门联合发文，明确在境内虚拟货币相关业务活动属于非法金融活动，禁止 境内开展现实世界资产（RWA）代币化活动，进一步防范和处置虚拟货币等相关风险，合力保障人民 群众财产安全。 明确风险属性 监管力度只紧不松 如今，虚拟货币市场"过山车"行情已呈常态：2025年10月创出每枚超12万美元价格高点的比特币，2026 年2月已跌破每枚7万美元，部分"空气币"更是单日波动幅度超20%。这期间引发多次大规模杠杆交易爆 仓，数百亿美元在一夜间"灰飞烟灭"。 此次8部门联合发布的《关于进一步防范和处置虚拟货币等相关风险的通知》强调：虚拟货币不具有法 偿性，不应且不能作为货币在市场上流通使用。虚拟货币相关业务活动属于非法金融活动。在此前，中 国互联网金融协会等7家协会发布风险提示称，有关机构不得开展与虚拟货币、现实世界资产代币化相 关的业务。 当前，国际金融组织和中央银行等金融管理部门对稳定币的发展普遍 ...

Core Viewpoint - The People's Bank of China and other regulatory bodies have issued a notification to further prevent and address risks associated with virtual currencies and the tokenization of real-world assets, emphasizing the need to maintain economic and financial order and protect public property safety [1][2]. Group 1: Nature of Virtual Currencies and Tokenization - Virtual currencies do not have the same legal status as fiat currencies and should not be circulated as money in the market [1]. - Activities related to virtual currencies, such as exchanges and token issuance, are classified as illegal financial activities and are strictly prohibited [2][3]. Group 2: Regulatory Mechanisms - A collaborative mechanism among various departments, including the People's Bank of China and the China Securities Regulatory Commission, will be established to coordinate efforts in preventing and addressing risks related to virtual currencies and tokenization [4]. - Local governments are responsible for managing risks associated with virtual currencies and tokenization within their jurisdictions, with financial management departments leading the efforts [4]. Group 3: Risk Monitoring and Management - Financial institutions are prohibited from providing services related to virtual currencies, including account opening and transaction facilitation [5]. - Internet companies are not allowed to provide platforms for virtual currency activities and must report any illegal activities to relevant authorities [5]. Group 4: Enforcement and Legal Responsibility - Strict penalties will be imposed on entities engaging in illegal financial activities related to virtual currencies and tokenization, with criminal charges applicable for serious violations [11]. - Any investment in virtual currencies or related financial products that contravenes public order will be deemed invalid, and losses incurred will be the responsibility of the investor [11].