X @Wu Blockchain

How to Understand China's New Rules on Tokenization and RWA?On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules continue to strictly ban cryptocurrencies, but for the first time formally define and regulate RWA (real-world asset tokenization). RWA activities are not prohibited if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chi ...