Beijing, February 6 $BTC Reuters $XRP - China today, Friday, pledged to tighten its grip on digital currencies and banned the issuance of stablecoins linked to the yuan in foreign markets without a license.
Issuance of tokens backed by Chinese assets in foreign markets will also be subject to strict scrutiny, according to a notice published on the central bank's website.
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Beijing, February 6 $BTC Reuters $XRP - China today, Friday, pledged to tighten its grip on digital currencies and banned the issuance of stablecoins linked to the yuan in foreign markets without a license.
Issuance of tokens backed by Chinese assets in foreign markets will also be subject to strict scrutiny, according to a notice published on the central bank's website.