🚨 CHINA BANS ALL UNAPPROVED OVERSEAS YUAN STABLECOINS 🇨🇳💥

China has officially banned all unapproved offshore Yuan-backed stablecoins, citing the move as necessary to protect its national currency and financial stability. ⚠️

The new restrictions target projects issuing CNH or CNY-pegged tokens without regulatory clearance — signaling tighter control over cross-border digital assets.

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