The People's Bank of China and seven other departments issued updated regulations in February 2026 reinforcing prohibitions on mainland cryptocurrency trading services, unauthorized token issuances, and offshore renminbi-pegged stablecoins

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.