What has changed in the notice on the disposal of virtual currencies by eight departments?
This article explains it clearly for you:
1. The official has formally included RWA in the category of severe crackdown.
2. It is strictly forbidden for any entity or individual, whether domestic or foreign, to issue RMB stablecoins.
The official did not announce a specific timetable for clearing existing stocks, but emphasized four lines: capital chain, information chain, platform access, and cross-border structure.
In translation, this means: not only is buying and selling not allowed, but even the breathing space must be sealed off.
This regulatory upgrade is not a simple repetition of old tunes, but a joint action by multiple ministries, conducting physical isolation from three dimensions: technology, capital, and publicity.
The direction is very clear:
Prioritize cutting off those attempting to package their activities as “compliance” through RWA and stablecoins.
If you tokenize your assets on-chain, I will directly classify it as illegal securities activities.
It is a comprehensive patch version of the “924 Notice” from 2021.
The chaos of virtual currencies began to be rectified in 2017, with bubbles and risks evolving continuously with technological advancements.
In February 2026, the regulatory authorities initiated a new round of full-chain clearing cycle targeting the chaos of RWA and cross-border stablecoins.
Compared to simply banning transactions, blocking access and funds is a more fundamental logic.
Previously, you monitored transactions, and everyone went to overseas platforms.
Now you monitor banks, internet credibility, and market supervision.
An abnormal bank account corresponds to a break in the capital chain.
A blocked internet access corresponds to a break in the information chain.
This is a typical all-dimensional blockade.
Why now move against RWA?
The answer is simple:
Illegal financial activities have started to don the vest of “compliance innovation.”
In the past year, there has been a surge of illegal financing disguised under the banner of RWA.
Project parties claim to tokenize real estate and debt rights, attempting to bypass securities laws.
Official classification:
The essence of tokenization of real-world assets is essentially suspected of illegal issuance of securities.
RWA business intermediary services and information technology services are all prohibited.
Thus, the government has chosen the point of entry that is most painful and easiest to “catch typical cases”: illegal stablecoins.
The eight departments issued documents, and the targets of the crackdown are highly concentrated:
Illegal inflow and outflow of funds, stablecoins pegged to the RMB, and domestic assets going abroad.
This means that in the Web3 and virtual currency fields, the government has already begun to personally step in, setting up a solid wall for financial security.
How strict it can be, is uncertain.
How long it can last, is also uncertain.
