八部门进一步防范和处置风险 重申境内对虚拟货币禁止性政策

Core Viewpoint - The People's Bank of China and seven other departments have issued a notification reinforcing the prohibition of virtual currencies and related activities, emphasizing that such activities are illegal financial operations [1][2][3]. Regulatory Framework - Since 2017, multiple policies have been released to curb virtual currency trading and speculation, with a significant announcement in 2021 establishing a coordination mechanism to combat these activities [2]. - The recent notification continues the established policy stance, reiterating that virtual currencies do not hold the same legal status as fiat currencies and should not circulate as money [2][3]. Definition and Prohibition of RWA Tokenization - The notification provides a clear definition of Real World Asset (RWA) tokenization, which involves converting ownership and income rights of assets into tokens using cryptographic technology [4]. - It explicitly prohibits the tokenization of real-world assets and related intermediary services within the country, except for activities approved by relevant authorities [4][5]. Risk Monitoring and Prevention - The notification outlines requirements for risk monitoring, intermediary regulation, and management of internet information content, aiming to create a coordinated regulatory framework [3]. - It emphasizes the need for strict oversight of domestic entities engaging in overseas virtual currency issuance and RWA tokenization activities [5].