tldr; China’s financial industry associations have declared real-world asset tokenization (RWA) as an illegal financial activity. The joint notice, co-signed by major financial associations, states that no RWA-related activities have been approved by Chinese regulators. It warns that domestic staff supporting overseas RWA services will face legal consequences. The notice emphasizes risks like fraud and speculative hype, classifying RWA under China’s Securities Law and banning related activities. Mainland China has fully rejected RWA, urging businesses to relocate or abandon such projects.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MaMu_1701 on
Insert „nobody cares“ meme
Grunblau on
What is their definition of RWA? Are stocks “real world” technically? Isn’t the digital yuan RWA? Or BRICS?
pepe1smth on
Is there a reason for this? Is it related to their own currency? Just curious
5 Comments
They are too scared of our magic internet coins.
tldr; China’s financial industry associations have declared real-world asset tokenization (RWA) as an illegal financial activity. The joint notice, co-signed by major financial associations, states that no RWA-related activities have been approved by Chinese regulators. It warns that domestic staff supporting overseas RWA services will face legal consequences. The notice emphasizes risks like fraud and speculative hype, classifying RWA under China’s Securities Law and banning related activities. Mainland China has fully rejected RWA, urging businesses to relocate or abandon such projects.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Insert „nobody cares“ meme
What is their definition of RWA? Are stocks “real world” technically? Isn’t the digital yuan RWA? Or BRICS?
Is there a reason for this? Is it related to their own currency? Just curious