# eCNY

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#ChinaShapesCryptoRules | China Tightens Its Grip on Digital Assets (Feb 2026 Update)
China has sent a clear and forceful signal to global markets. On February 6, 2026, the People’s Bank of China (PBOC), together with seven major regulators (including CSRC and SAFE), issued Yinfa [2026] No. 42 — a notice that reaffirms the 2021 crypto ban and decisively closes emerging loopholes.
This is not a policy pivot. It is a strategic escalation.
What’s New — and Why It Matters
🔒 Crypto Remains Fully Illegal in Mainland China
Bitcoin, Ethereum, altcoins, and stablecoins (USDT, USDC, etc.) continue to h
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