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)
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Law database

3 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
China PBOC Multi-Agency Notice on Virtual Currency Trading Speculation (2021) 银发〔2021〕237号 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

关于进一步防范和处置虚拟货币交易炒作风险的通知

China’s 2021 PBOC-led virtual currency trading notice classified crypto business activity as illegal financial activity; it was repealed by a 2026 notice.

Last action: Feb 6, 2026 - Yin Fa [2026] No. 42 took effect on publication and expressly repealed Yin Fa [2021] No. 237.

China PBOC Virtual Currency and RWA Notice No. 42 [2026] 银发〔2026〕42号 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

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 国家外汇局关于进一步防范和处置虚拟货币等相关风险的通知

China’s PBOC-led Notice No. 42 continues the mainland prohibition on virtual-currency business activity, adds RMB-stablecoin and RWA-tokenization controls, expands enforcement coordination, and repeals the 2021 notice.

Last action: Feb 6, 2026 - PBOC/CSRC Q&A released

CSRC Offshore Asset-Backed Securities Token Guidelines 证监会公告〔2026〕1号 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

关于境内资产境外发行资产支持证券代币的监管指引

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

Last action: Feb 6, 2026 - CSRC Guidelines published

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