Report: China’s Central Bank Leads New Crackdown on Crypto, Stablecoins and Offshore Tokens

China has doubled down on its hardline crypto stance, issuing a fresh multi-agency directive that tightens enforcement and explicitly bans unauthorized overseas token issuance and yuan-linked stablecoins, Bloomberg reported on Feb. 5, 2026. Beijing Moves to Close Crypto Loopholes With New Multi-Agency Notice China’s central bank, the People’s Bank of China (PBOC), reportedly joined seven […]