"Has China Allowed RWA to Issue Cryptocurrency?" The answer is yes! Yesterday's document from eight ministries contained two key messages: First, the government maintains its high-pressure stance on domestic mining, cryptocurrencies, and stablecoins, consistent with its previous position. Second, RWA has received its first green light, allowing domestic institutions to issue cryptocurrency overseas with regulatory approval. The domestic regulatory authorities are quite clever; this move aims to channel global funds into China, using Hong Kong, a hub for crypto investment, as a transit point.