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China pledges to tighten restrictions on virtual currencies and illicit activities

China's central bank announced stricter measures against virtual currency activities today. Domestic entities are now barred from issuing tokens overseas.

China CNCN's central bank issued a formal notice on February 6, 2026, pledging to further tighten restrictions on virtual currencies and related illicit business activities. The notice states that virtual currencies do not have the same legal status as fiat currency and declares virtual-currency-related business activities illegal. This announcement by Chinese CNCN authorities represents a formal change to the regulatory framework for all crypto-related operations tied to China CNCN.
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China (PBOC) in Beijing, China, on September 30, 2022. REUTERS/Tingshu Wang/File Photo
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China (PBOC) in Beijing, China, on September 30, 2022. REUTERS/Tingshu Wang/File Photo
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