Tokenization & crypto licensing in China
What the authorities publish on tokenized assets and digital-asset providers, and why it could or could not be read. 3 instruments from here are in our catalogue.
Buying crypto in China: what to know
Banned- People's Bank of China (PBoC) — Lead authority on the virtual currency ban
- China Securities Regulatory Commission (CSRC) — Filing regime for offshore tokenization of onshore assets
- NDRC, NFRA, SAFE and other ministries — Co-issuers of the 2026 notice; enforcement
Crypto trading and RWA tokenization are banned on the mainland; there is no specific crypto tax rule, but residents must declare worldwide income, and gains may be 'property transfer income' at 20%.
Gains: No specific rule; property transfer income at 20% is the commonly cited treatment (not officially confirmed for crypto)
- Exchange, brokerage, token issuance and related services are illegal financial activities on the mainland.
- Investment acts that violate public order may be held invalid; investors bear their own losses.
- Internet platforms must shut down accounts that promote crypto or RWA trading.
- Hong Kong operates a separate, licensed regime that does not apply on the mainland.
Checked 2026-10-29 · Confidence: high · Sources: [1][2][3]
Not confirmed: Official PBoC text not opened · Tax treatment (2008 game-currency reply only; no rate confirmed)
Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.
Found an error or something out of date? Tell us at [email protected] — we check and correct it.
What the authorities publish — and what we read
Status: No public register. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.
| Authority | Register | Finding |
|---|---|---|
| CSRC (证监会) | 境内资产境外发行资产支持证券代币 备案公示 | No public register about 0 entries |
| Shanghai/Shenzhen Datenbörsen | RWA-Registrierungen | No public register about 0 entries |
In our catalogue: 3 instruments from China
3 live.