The China Financial Industry Association states that tokenizing real assets is illegal.
This article is machine translated
Show original
WuBlockchain reported that the China Financial Industry Association issued a statement defining the tokenization of real-world assets (RWA) as an illegal financial activity. The association emphasized, "RWA tokenization involves unauthorized fundraising and trading and has not been approved by regulatory authorities. It also carries the risk of being an illegal fundraising or securities issuance. Supporting RWA projects, both domestically and internationally, could result in legal liability."
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
