央行等八部门发声！重申虚拟货币非法、叫停境内RWA代币化

Core Viewpoint - The recent notice issued by the People's Bank of China and eight other departments emphasizes that virtual currency and tokenization of real-world assets (RWA) are illegal financial activities, aiming to prevent risks and maintain national security and social stability [1][2][7]. Group 1: Virtual Currency Regulations - Virtual currencies do not have the same legal status as fiat currencies and cannot be used for circulation in the market [1][2]. - The notice prohibits any domestic entity or individual from issuing stablecoins pegged to the Renminbi abroad without approval from relevant authorities [1][7]. - Financial institutions are barred from providing services related to virtual currencies, including account opening, fund transfers, and issuing financial products linked to virtual currencies [5][6]. Group 2: RWA Tokenization Regulations - The notice defines RWA tokenization and states that conducting RWA-related activities domestically is considered illegal financial activity [4]. - Any intermediary or technical service related to RWA tokenization without approval is also deemed illegal [6]. - Entities are prohibited from providing services related to RWA tokenization unless authorized by relevant regulatory bodies [4][6]. Group 3: Enforcement and Compliance Measures - The notice highlights the need for cross-departmental collaboration to strengthen monitoring and enforcement against illegal activities related to virtual currencies and RWAs [5][8]. - There will be strict management of financial, intermediary, and technical service providers to prevent them from engaging in unauthorized activities [5][6]. - The notice establishes a framework for accountability, stating that individuals or entities assisting in illegal activities will face legal consequences [8].