China Urges Pause on Hong Kong Real-World Asset Tokenization
The post China Urges Pause on Hong Kong Real-World Asset Tokenization appeared first on Coinpedia Fintech News
China’s Securities Regulatory Commission (CSRC) has advised some domestic brokerages to temporarily halt their real-world asset (RWA) tokenization activities in Hong Kong. At least two major brokerages received informal guidance amid Beijing’s concerns over rapid growth in the offshore digital asset market. This move aims to strengthen risk management and ensure legitimacy in RWA projects. Meanwhile, Hong Kong continues efforts to become a digital asset hub despite China’s cautious stance on cryptocurrency.
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China Urges Pause on Hong Kong Real-World Asset Tokenization
The post China Urges Pause on Hong Kong Real-World Asset Tokenization appeared first on Coinpedia Fintech News
China’s Securities Regulatory Commission (CSRC) has advised some domestic brokerages to temporarily halt their real-world asset (RWA) tokenization activities in Hong Kong. At least two major brokerages received informal guidance amid Beijing’s concerns over rapid growth in the offshore digital asset market. This move aims to strengthen risk management and ensure legitimacy in RWA projects. Meanwhile, Hong Kong continues efforts to become a digital asset hub despite China’s cautious stance on cryptocurrency.
Read More
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