$BTC
$BTC China has once more confirmed what the
market already knew: crypto like E $BTC
has no legal future inside the country. By
officially labeling all crypto-related activities
as illegal financial operations - from trading
to yuan-backed stablecoins.
And even most forms of RWA tokenization -
Beijing is closing the door even tighter. The
message is clear: control first, innovation
second (if ever).
What stands out to me is not the ban itself -
this isn't new - but the extraterritorial angle.
China is now signaling tighter oversight over
crypto activities conducted abroad by
Chinese residents. That's a strong reminder
that capital, talent, and infrastructure may
leave the country, but regulation is trying to
follow.
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