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BREAKING: China Cracks Down on RWA Tokenization & Stablecoins
RWA TOKEN WARNING
Seven major Chinese financial bodies, including PBoC & CSRC overseen associations, Warned:
🔹 RWA tokenization = high-risk (fake assets, business failures, speculation)
🔹 No official approval; lumped with stablecoins, meme coins, air coins
🔹 Overseas firms & domestic staff involved = legal liability
STABLECOIN ALERT
PBoC flags stablecoins:
🔹 Fail AML & KYC requirements
🔹 High risk of money laundering, fraud, illegal cross-border transfers
🔹 Enforcement likely vs USDT, USDC; domestic pilots paused
MARKET IMPACT
🔹 RWA sector: Projects delayed or suspended
🔹 Hong Kong: Mainland-linked initiatives under pressure
🔹 Stablecoins: Continued clampdown
Crypto traders: China doubles down on anti-crypto policy while the US eases, expect volatility and disruption.#JoinGrowthPointsDrawToWiniPhone17