China Reaffirms Comprehensive Ban on Cryptocurrency Activities

China's central bank, along with regulatory authorities, has reiterated its comprehensive ban on cryptocurrency activities, including trading, issuance, mining, and the use of unapproved RMB-linked stablecoins. According to NS3.AI, the announcement also prohibits the tokenization of real-world assets unless explicitly approved within designated financial infrastructures. This move underscores China's intensified enforcement against financial crimes and offshore cryptocurrency operations.