ChainCatcher news reports that, according to Xinhua News Agency’s client, eight departments have issued a document further emphasizing that virtual currency-related activities are illegal financial activities. The document also delineates compliance boundaries for RWA tokenization, stating “strictly prohibited domestically and strictly regulated abroad,” and specifically names Shuqin Technology as a pioneer in RWA compliance business.
It is reported that Shuqin Technology is a blockchain company based in Hangzhou. Public information shows that its founder was involved in founding “Yibit” and served as CTO, making him one of the earliest blockchain entrepreneurs in China. Previously, Shuqin Technology has been exploring RBA (Real Business Assets), relying on “full-process trusted data” to structurally present enterprise operations, revenues, and risks, and has established a “triple enhancement” governance framework: supporting asset sustainability with real business, achieving verifiable and traceable data with trusted information, and front-loading compliance requirements and responsibility boundaries through governance structures. Meanwhile, Shuqin has introduced the “grain data” methodology, breaking down business into the smallest verifiable units, fully presenting the business process chain to meet key requirements such as authenticity, traceability, and risk isolation, providing foundational support for new productivity enterprises to connect with international capital.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Ethereum Foundation teamed up with Biconomy to launch ERC-8211: AI agents can handle multiple DeFi contract interactions in a single transaction
The Ethereum Foundation and Biconomy have teamed up to launch the ERC-8211 standard, enabling AI agents to dynamically execute multi-step DeFi actions within a single signed transaction, determining parameters in real time based on on-chain state and overcoming the static limitations of ERC-4337. This standard does not require a fork at the protocol layer, making it easier for developers to adopt and further accelerating the integration of AI and DeFi automation.
動區BlockTempo1h ago
Chaos Labs Exits Aave Role as Governance Dispute Deepens Ahead of V4
Chaos Labs is leaving Aave due to governance disagreements, marking a significant shift in the protocol's risk management approach. Founder Omer Goldberg cited unprofitability, recent departures of other major contributors, and fundamental misalignment on risk handling as reasons for the split.
CryptoNewsFlash1h ago
XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan
XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.
CryptoNewsFlash1h ago
Web3 Security Provider Certik Opens AI Auditing Tool Access to Global Developers
Certik has transitioned its AI auditor to a public-facing tool, achieving an 88.6% hit rate in identifying security vulnerabilities. This proactive system reduces false positives and integrates real-time threat intelligence, enhancing security in Web3 development environments.
Coinpedia3h ago
Solana Tests Quantum-Resistant Signatures but Encounters a Sharp Speed Penalty
Solana is collaborating with Project Eleven to develop quantum-resistant signatures, facing challenges with larger signature sizes and a 90% reduction in network speed. This raises concerns about balancing future security with current performance and scalability.
CryptoNewsFlash4h ago
