China Labels RWA Tokenization Risky, Illegal Crypto Activity –
China has issued a fresh warning that puts real-world asset (RWA) tokenization firmly in the danger zone. According to an article compiled by Wu Blockchain, Chinese regulators now classify RWA tokenization as illegal financial activity, not a gray-area innovation.
The warning came through a joint notice signed by seven major financial industry associations. These include groups tied to banking, securities, asset management, payments, and listed companies. When bodies at this level speak together, it usually signals serious financial risk concerns.
China Classifies RWA as Illegal Finance, Warning Both Domestic and Overseas Operators
By @mankunlaw
China’s financial industry associations issued a joint notice…
