Wu Shuo has learned that Hainan Province Local Financial Management Bureau issued a risk warning. Market entities have appeared that falsely claim to be "Hainan International Data Asset Exchange," "Hainan Digital Exchange," etc., asserting they can compliantly conduct RWA (Real World Assets) and RDA (Real Data Assets) business. Unapproved entities are not permitted to use the term "exchange" in their names, and such conduct is suspected of involving illegal financial activities. The authorities reiterated that the country adopts a principle of "strictly prohibited domestically, strictly regulated internationally" for RWA tokenization. Any conduct that engages in such activities domestically or provides intermediary or technical services is suspected of illegal token issuance and illegal fundraising, and will be banned according to law.
Wu Shuo has learned that Hainan Province Local Financial Management Bureau issued a risk warning. Market entities have appeared that falsely claim to be "Hainan International Data Asset Exchange," "Hainan Digital Exchange," etc., asserting they can compliantly conduct RWA (Real World Assets) and RDA (Real Data Assets) business. Unapproved entities are not permitted to use the term "exchange" in their names, and such conduct is suspected of involving illegal financial activities. The authorities reiterated that the country adopts a principle of "strictly prohibited domestically, strictly regulated internationally" for RWA tokenization. Any conduct that engages in such activities domestically or provides intermediary or technical services is suspected of illegal token issuance and illegal fundraising, and will be banned according to law.