Tag: rwa
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.
FCA's Stablecoin Sandbox Goes Live: UK Positions for Regulated Crypto Payments Leadership
The Financial Conduct Authority (FCA) has launched a stablecoin-specific cohort within its flagship Regulatory Sandbox, inviting issuers to test live GBP-pegged stablecoins under supervision—ahead of the full regime rollout expected in late 2026. With applications closed on January 18, selected firms are now live-testing issuance, redemption, and payments using real market data, directly informing prudential rules, reserve requirements, and consumer protections for what FCA Executive Director David Geale calls a "priority" for faster, more convenient UK payments.