Wu Blockchain (@WuBlockchain): China Classifies RWA as Illegal Finance, Warning Both Domestic and Overseas Operators
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China Classifies RWA as Illegal Finance, Warning Both Domestic and Overseas Operators By @mankunlaw China’s financial industry associations issued a joint notice explicitly labeling RWA tokenization as illegal financial activity. The statement says RWA involves unauthorized financing and trading, has not been approved by regulators, and may constitute illegal fundraising or securities issuance. It also warns that domestic individuals and institutions, including those supporting overseas RWA projects may face legal liability. Read More https://wublock.substack.com/p/china-classifies-rwa-as-illegal-finance?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true