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China’s Crypto Crackdown Targets Tokenized Real-World Assets

Crypto News

China’s seven major financial and market associations issued a joint notice Friday, reiterating the country’s ban on cryptocurrency activities and explicitly stating that the prohibition also applies to tokenized real-world assets (RWA).

The groups said member institutions must not engage in the issuance or trading of virtual currencies or RWA tokens, nor provide any direct or indirect services.

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