🇨🇳 China has banned domestic and overseas entities from issuing cryptocurrencies without approval.
Chinese regulators—led by the People's Bank of China (PBOC)—issued a joint notice on February 6, 2026, specifically targeting the issuance of digital tokens and stablecoins. $PROVE
While China has had a "total ban" on domestic crypto trading since 2021, this new directive closes several key loopholes that previously existed in the gray area of offshore activities.$XRP $XVG