Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
#ChinaShapesCryptoRules
🚨 China Shapes Crypto Rules – Major Update Feb 6, 2026
People’s Bank of China (PBOC) + 7 regulators (CSRC, SAFE, etc.) issued "Notice on Further Preventing & Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42).
Reaffirms 2021 ban + closes new loopholes: offshore yuan-pegged stablecoins & RWA tokenization now under heavy clampdown. Beijing is actively shaping global crypto rules to protect sovereignty. 🇨🇳🔒
Core Reaffirmation: Crypto Still Fully Banned in Mainland
Virtual currencies (BTC, ETH, altcoins, stablecoins like USDT) have NO legal tender status.
All related activities = illegal financial ops: trading, mining, exchanges, ICOs, OTC, custody, derivatives, info services.
Foreign entities/individuals cannot provide these to Chinese residents/domestic entities in any form.
No softening — enforcement remains strict.
New Crackdown on Offshore Yuan-Pegged Stablecoins
Key ban: No entity (Chinese/domestic-controlled offshore firms OR foreign) can issue RMB-pegged stablecoins overseas without explicit gov't approval.
Why? Protects monetary sovereignty — prevents private alternatives to e-CNY that could undermine yuan stability or enable capital flight.
Stablecoins seen as having "fiat-like functions" → unregulated ones threaten PBOC control.
RWA Tokenization: From Grey Area to Regulated/Banned
Onshore RWA tokenization (tokenizing Chinese real estate, bonds, equities, ABS via blockchain) → banned unless approved (treated as securities/fundraising → CSRC oversight).
Offshore issuance of tokens backed by onshore Chinese assets → strictly vetted or prohibited to block risks.
Overseas entities cannot illegally offer RWA services to domestic users/firms.
Some analysts see this as first step toward a regulated framework for approved RWA (state-supervised), separating it from "virtual currency" ban.
Why This Timing? (Context & Motivations)
Rising speculation in crypto + RWA tokenization → new risks: fraud, laundering, capital outflows, systemic threats.
Boost to e-CNY: From Jan 1, 2026, commercial banks pay interest on e-CNY wallets (demand deposit rates) → makes state digital yuan more attractive (shifts from "digital cash" to "digital deposits").
Blocks private competition: No offshore RMB stablecoins or unregulated RWA to challenge e-CNY's role in payments/cross-border.
Impacts on Global Crypto
Bearish signals: Limits innovation in private stablecoins/RWA involving China-linked assets; pressures global platforms (e.g., no easy RMB-pegged tokens).
Potential silver lining: Formal recognition of RWA (under securities rules) could open supervised paths for institutions — but only state-approved.
Strengthens e-CNY push for international use → competes with USD stablecoins (USDT/USDC dominance).
Reinforces China's model: Decentralized crypto = banned; centralized, state-controlled digital finance = promoted.
Bottom Line & Takeaway
China isn't pivoting away from crypto — it's doubling down to dictate the terms:
→ Private/decentralized = illegal & risky.
→ State-backed (e-CNY, approved blockchains/RWA) = future of digital money.
This shapes global rules by example: Sovereign control over digital assets trumps open innovation.
Will it slow worldwide DeFi/RWA growth? Or accelerate elsewhere (e.g., US/EU regulated paths)?
🚨 China Shapes Crypto Rules – Major Update Feb 6, 2026
People’s Bank of China (PBOC) + 7 regulators (CSRC, SAFE, etc.) issued "Notice on Further Preventing & Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42).
Reaffirms 2021 ban + closes new loopholes: offshore yuan-pegged stablecoins & RWA tokenization now under heavy clampdown. Beijing is actively shaping global crypto rules to protect sovereignty. 🇨🇳🔒
Core Reaffirmation: Crypto Still Fully Banned in Mainland
Virtual currencies (BTC, ETH, altcoins, stablecoins like USDT) have NO legal tender status.
All related activities = illegal financial ops: trading, mining, exchanges, ICOs, OTC, custody, derivatives, info services.
Foreign entities/individuals cannot provide these to Chinese residents/domestic entities in any form.
No softening — enforcement remains strict.
New Crackdown on Offshore Yuan-Pegged Stablecoins
Key ban: No entity (Chinese/domestic-controlled offshore firms OR foreign) can issue RMB-pegged stablecoins overseas without explicit gov't approval.
Why? Protects monetary sovereignty — prevents private alternatives to e-CNY that could undermine yuan stability or enable capital flight.
Stablecoins seen as having "fiat-like functions" → unregulated ones threaten PBOC control.
RWA Tokenization: From Grey Area to Regulated/Banned
Onshore RWA tokenization (tokenizing Chinese real estate, bonds, equities, ABS via blockchain) → banned unless approved (treated as securities/fundraising → CSRC oversight).
Offshore issuance of tokens backed by onshore Chinese assets → strictly vetted or prohibited to block risks.
Overseas entities cannot illegally offer RWA services to domestic users/firms.
Some analysts see this as first step toward a regulated framework for approved RWA (state-supervised), separating it from "virtual currency" ban.
Why This Timing? (Context & Motivations)
Rising speculation in crypto + RWA tokenization → new risks: fraud, laundering, capital outflows, systemic threats.
Boost to e-CNY: From Jan 1, 2026, commercial banks pay interest on e-CNY wallets (demand deposit rates) → makes state digital yuan more attractive (shifts from "digital cash" to "digital deposits").
Blocks private competition: No offshore RMB stablecoins or unregulated RWA to challenge e-CNY's role in payments/cross-border.
Impacts on Global Crypto
Bearish signals: Limits innovation in private stablecoins/RWA involving China-linked assets; pressures global platforms (e.g., no easy RMB-pegged tokens).
Potential silver lining: Formal recognition of RWA (under securities rules) could open supervised paths for institutions — but only state-approved.
Strengthens e-CNY push for international use → competes with USD stablecoins (USDT/USDC dominance).
Reinforces China's model: Decentralized crypto = banned; centralized, state-controlled digital finance = promoted.
Bottom Line & Takeaway
China isn't pivoting away from crypto — it's doubling down to dictate the terms:
→ Private/decentralized = illegal & risky.
→ State-backed (e-CNY, approved blockchains/RWA) = future of digital money.
This shapes global rules by example: Sovereign control over digital assets trumps open innovation.
Will it slow worldwide DeFi/RWA growth? Or accelerate elsewhere (e.g., US/EU regulated paths)?