Policy Reference

China

Explore China’s crypto laws, including trading restrictions, mining bans, digital yuan policy, and how digital assets are regulated.

People’s Bank of China (PBOC)

Search

Topic

Topics

All Topics AML/CFT Banking & Financial Access CBDCs & State-Issued Tokens Commodities Consumer protection Custody DAOs DeFi Disclosure & Marketing Enforcement & Asset Recovery Government Crypto Holdings Licensing Licensing & Registration Market abuse Market Structure & Regulatory Perimeter Mining Payments Privacy & Cybersecurity Privacy coins Securities Self-custody Stablecoins Staking Strategic Bitcoin Reserve Taxation Taxation & Reporting Token issuance Tokenization

Asset Class

Asset Classes

All Asset Classes Accepted Virtual Assets Ancillary Assets Anonymity-Enhanced Cryptocurrencies Asset-backed securities tokens Asset-referenced tokens Asset-referenced virtual assets Bitcoin Bitcoin bonds Bitcoin ETFs Bitcoin futures Blockchain tokens CBDC CBDCs Central bank digital currencies Central bank digital currency Certain crypto-assets Controllable electronic records Convertible virtual currencies Convertible virtual currency Crypto Crypto assets Crypto derivatives Crypto ETFs Crypto ETPs Crypto-asset securities Crypto-tokens Cryptoassets Cryptocurrencies Cryptocurrency Cryptographic assets Custodied crypto-assets DeFi protocols Derivatives Digital asset derivatives Digital asset securities Digital assets Digital assets with legal tender status Digital commodities Digital currency Digital dollar Digital fiat Digital financial assets Digital payment representations Digital payment tokens Digital rights Digital securities Digital settlement assets Digital token Digital tokens DLT tokens E-money tokens Electronic money Electronic money tokens Electronic payment instruments Electronic precious metals Exchange-traded funds Exchange-traded products Fiat Crypto Tokens Fiat currency Fiat-backed stablecoins Fiat-backed tokens Fiat-referenced stablecoins Fiat-referenced tokens Fiat-referenced virtual assets Forfeited digital assets Funds Gold-backed digital currency Governance tokens Greenlisted coins Native crypto-assets Network tokens NFTs Non-fungible tokens Non-security tokens Open blockchain tokens Payment stablecoins Payment tokens Precious metals Privacy coins Privacy tokens Qualifying cryptoassets Qualifying stablecoins Real-world assets Relevant Stablecoins Restricted digital assets RWAs Securities Security tokens SFC-authorised investment products Silver-backed digital currency Specified stablecoins Spot Bitcoin ETFs Spot virtual assets Stablecoins Tokenised assets Tokenised deposits Tokenised fund interests Tokenised securities Tokenized assets Tokenized capital market instruments Tokenized capital markets products Tokenized commodities Tokenized financial instruments Tokenized funds Tokenized real-world assets Tokenized securities Tokenized traditional assets U.S. dollar-backed stablecoins Unbacked cryptoassets Unsecured digital assets Utility digital rights Utility tokens Virtual asset ETFs Virtual asset futures Virtual asset-related products Virtual assets Virtual coins Virtual currencies Virtual currency Virtual Digital Assets Virtual service tokens Virtual tokens

Law database

3 law profiles

China PBOC Multi-Agency Notice on Virtual Currency Trading Speculation (2021)

银发〔2021〕237号 Agency guidance Added Jun 5, 2026

Effective

Sep 24, 2021

AML/CFT Enforcement & Asset Recovery Market Structure & Regulatory Perimeter +2 more

China’s 2021 PBOC-led virtual currency trading notice classified crypto business activity as illegal financial activity; it was repealed...

China PBOC Virtual Currency and RWA Notice No. 42 [2026]

银发〔2026〕42号 Agency guidance Added Jun 7, 2026

Effective

Feb 6, 2026

Market Structure & Regulatory Perimeter Mining Payments +2 more

China’s PBOC-led Notice No. 42 continues the mainland prohibition on virtual-currency business activity, adds RMB-stablecoin and RWA-tokenization controls,...

CSRC Offshore Asset-Backed Securities Token Guidelines

证监会公告〔2026〕1号 Agency guidance Added Jun 8, 2026

Effective

Feb 6, 2026

Licensing & Registration Market Structure & Regulatory Perimeter Securities +2 more

CSRC filing and oversight guidance for offshore asset-backed securities tokens supported by Chinese domestic assets or related asset-right...

Information is for general purposes only and not legal advice. See full disclaimer.