Tag: asia

China’s RWA Tokenization Ban vs. Hong Kong’s Consensus Optimism: Asia’s Crypto Divide Deepens

On February 6, 2026, China’s State Council approved a sweeping formalization of its crypto clampdown, explicitly banning unapproved yuan‑linked stablecoins and curbing onshore real‑world asset (RWA) tokenization projects while instructing mainland firms to pause offshore efforts in Hong Kong. This comes as Hong Kong hosts Consensus 2026—kicking off February 11—with HKMA and SFC touting stablecoin licenses and tokenized green bonds, underscoring Asia’s stark regulatory divergence amid global RWA hype.