On February 6, 2026, Chinese authorities collectively issued Document No. 42, repealing the 2021 “924 Notice” and continuing to ban cryptocurrencies while introducing a framework that formally defines and regulates real-world asset (RWA) tokenization. This marks a notable shift from the previous blanket bans to a more regulated approach, allowing RWA activities to proceed on approved financial infrastructure under regulatory oversight. Furthermore, a compliance framework now governs the offshore tokenization of Chinese assets, requiring filings and approvals for such activities, aligning with the newly structured guidelines that aim to provide clarity and enable global participation within the regulatory perimeter.
China introduces regulations for RWA tokenization under CSRC oversight
