As reported by BitcoinWorld, seven major Chinese financial associations, including the China Internet Finance Association, issued a joint warning against real-world asset (RWA) tokenization and all cryptocurrency-related business activities. The groups explicitly prohibited stablecoin operations, airdrops, mining, and RWA tokenization platforms, reiterating China’s strict crypto ban. The warning, issued on December 5, reinforces existing policies and aims to deter both domestic and foreign entities from engaging in such activities. Regulators view RWA tokenization as a threat to financial stability and monetary sovereignty, emphasizing that virtual assets cannot replace the Chinese Yuan as a legal means of circulation.
Seven Chinese Financial Groups Warn Against RWA Tokenization and Crypto Activities
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