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flag China bans crypto, stablecoins, tokenization, and ads to curb financial risks and illicit activity.

flag China has expanded its cryptocurrency ban to prohibit real-world asset tokenization, yuan-pegged stablecoins, and crypto-related advertising, banning both domestic and foreign entities from offering such services without approval. flag The move, enforced by eight government agencies, targets emerging financial risks, restricts overseas crypto activities by Chinese firms, and blocks foreign providers from serving Chinese users. flag The crackdown reinforces earlier bans on trading, mining, and initial coin offerings, aiming to maintain financial stability and prevent illicit activities.

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