The China Internet Finance Association and six other associations have issued a risk warning regarding the prevention of illegal activities related to virtual currencies:
Key points:
1️⃣ Virtual currencies, stablecoins, and RWA tokens are all included in the risk category,
2️⃣ Domestic institutions are prohibited from providing any related services,
3️⃣ Content platforms will further tighten their review processes.
The actual impact on the industry is not significant, and the effect on holders is minimal. Chinese users have already formed a factual consensus of "assets and transactions being overseas." I believe the regulatory focus should be on preventing the spillover of gray area channels.
A reminder that relevant practitioners should also pay attention to certain risks.
More critically: RWA has been named for the first time, indicating that the narrative has reached a certain intensity, and regulation must set boundaries in advance.