🚨 BRAKING: 🇨🇳 China Has Issued A Warning against RWA (Real-World Asset) tokenization.
Seven major industry bodies jointly stated that RWA tokenization is risky and is not approved by the Chinese government.
Last week, the PBoC (China's central bank) also stated that stablecoins do not meet China's KYC (Know Your Customer) and AML (Anti-Money Laundering) rules.
DIRECT IMPLICATION: China is currently maintaining a strict stance regarding tokenization and stablecoins, especially when it comes to regulatory control.
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🚨 BRAKING: 🇨🇳 China Has Issued A Warning against RWA (Real-World Asset) tokenization.
Seven major industry bodies jointly stated that RWA tokenization is risky and is not approved by the Chinese government.
Last week, the PBoC (China's central bank) also stated that stablecoins do not meet China's KYC (Know Your Customer) and AML (Anti-Money Laundering) rules.
DIRECT IMPLICATION:
China is currently maintaining a strict stance regarding tokenization and stablecoins, especially when it comes to regulatory control.