China Advances Tokenized Bond Infrastructure as Regulators Tighten Stance on Stablecoins
– China issues $600M tokenized bonds to advance its CBDC-based financial framework – Regulators intensify crackdowns as stablecoin and crypto speculation reappear – Yuan management and FX intervention add pressure alongside digital-asset controls China expanded its state-directed digital-asset infrastructure this week as Hua Xia Bank issued 4.5 billion yuan ($600 million) in tokenized bonds while […]