Hainan Local Financial Regulatory Bureau: Warn Against "Fake Exchange" Chaos, Reaffirm Domestic Ban on RWA Tokenization Business

CycleProphet

2026-03-24 06:51:18

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Deep Tide TechFlow News, March 24 — According to Hainan Daily, the Hainan Provincial Local Financial Supervision Bureau issued a risk warning regarding trading venues. Recently, the bureau learned through relevant channels that certain entities are promoting under names such as “Hainan International Data Asset Exchange,” “Hainan Data Exchange,” and “Hainan Hai Exchange,” claiming to legally conduct businesses involving RWA (Real World Assets), RDA (Real Data Assets), and other assets. Market participants are operating without approval, using the name of trading venues to conduct illegal activities, suspected of illegal financial activities, and endangering public property security.

In response, the Hainan Provincial Local Financial Supervision Bureau issues the following risk warning:

Currently, the “Hainan International Data Asset Exchange” has not been approved within our province. Establishing a trading venue in our province requires approval from the provincial government (the list of approved trading venues is attached). Without approval from the authorized department, market operators are not allowed to use terms like “Exchange” or “Trading Center” in their registered names or engage in related trading venue activities.
The People’s Bank of China, China Securities Regulatory Commission, and six other departments jointly issued the “Notice on Further Preventing and Handling Risks Related to Virtual Currencies,” which clarifies that the regulation of tokenization of real-world assets (RWA) adopts the principle of “strict prohibition domestically and strict regulation abroad.” It emphasizes that conducting RWA tokenization activities within the country, as well as providing related intermediary and IT services,涉嫌非法发行代币票券、擅自公开发行证券、非法经营证券期货业务、非法集资等非法金融活动，应予以禁止。
Investors are urged to establish correct investment concepts, enhance risk awareness, choose legal investment channels, resolutely oppose illegal financial activities, and protect their legitimate rights and interests. If you discover relevant clues, please actively report to local regulatory authorities. If criminal suspicion exists, report promptly to public security authorities.

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