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China classifies RWA as illegal finance, sends a warning to domestic and overseas operators


China classifies RWA as illegal finance, sends a warning to domestic and overseas operators

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China's financial industry groups have declared real-world asset tokenization (RWA) as a prohibited activity, warning that parties in the US supporting RWA initiatives could face criminal charges. This stance could impact the adoption of tokenization in crypto markets.

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The financial industry groups in China have officially put out a joint warning saying that real-world asset tokenization (RWA) is a prohibited financial activity. The statement says that people and businesses in the US that sponsor RWA initiatives could be charged with crimes. The document is co-signed by the National Internet Finance Association of China, […]
Read the article at CryptoPolitan

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In This News

Coins

$ 0.002

-0.34%

$ 0.00162

-5.26%

$ 0.00143

-1.34%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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