A senior central-bank official telegraphed that the long-awaited digital-currency rulebook is finally close, with a public draft expected next month.
A senior central-bank official sent the clearest signal yet that the country's digital-currency regulatory framework is locked, loaded, and about to hit the public consultation phase. Speaking at a closed industry event, the official said a draft is expected to circulate "next month" and could be finalized by year-end.
The framework is widely expected to formalize what has been operating as a patchwork: stablecoin issuance rules, exchange licensing, and a path for tokenized real-world assets that do not have to live in a regulatory gray zone. Industry lawyers say the most controversial parts will be reserve-asset requirements for stablecoins.
Crypto firms broadly welcome the move, even if they will not love every clause. The current uncertainty is more expensive than any rule, executives say, because banks and counterparties refuse to engage at scale until the lines are drawn.
Watch the public draft for two things: how foreign-issued stablecoins are treated, and whether agentic-AI trading agents are folded into existing rules or get a new category of their own.