"China designates RWA as illegal finance… warns of enforcement against overseas operators"
공유하기
- China's financial authorities have clearly defined Real World Asset tokenization (RWA) as illegal financial activity.
- This measure is being evaluated not as a simple regulatory tightening but as fundamentally blocking the possibility of RWA-related businesses entering the formal system.
- The industry's commonly used 'overseas corporation + onshore operating staff' structure has also been effectively neutralized.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
China's financial authorities have clearly defined real-world asset tokenization (RWA·Real World Asset) as illegal financial activity and appear to be moving to fully block it. This is being interpreted as a measure that goes beyond a simple warning and denies the possibility of integration into the formal system.
On the 5th, according to Wu Blockchain, seven major Chinese financial industry associations jointly issued a 'Risk Warning to Prevent Illegal Activities Related to Virtual Assets.' The document was co-signed by the Internet Finance Association, the Banking Association, the Securities Association, the Asset Management Association, the Futures Association, the Listed Companies Association, and the Payment and Settlement Association. Such a joint stance spanning multiple financial sectors typically emerges in phases of responding to large-scale financial risks and attracted market attention.
The document classified RWA as a major type of illegal activities related to virtual assets alongside stablecoins, the so-called 'air coins', and mining. This suggests that regulators judged RWA not as a new technological experiment or a gray area, but as a clearly risky financial model.
The market is taking this wording as effectively declaring all RWA-related businesses illegal. It is being evaluated not as a simple tightening of regulations or an adjustment of management systems, but as a measure that fundamentally blocks the possibility of entering the formal system.
The document warned that RWA could lead to illegal fundraising, unlicensed securities issuance, and illegal futures trading. These are crime types already specified in China's Criminal Law and Securities Law, leading to interpretations that future crackdowns and penalties could be directly applied.
Wu Blockchain said, "This measure is interpreted as a response to the recent surge in financial scams that used RWA," and added, "The 'overseas corporation + onshore operating staff' structure commonly used in the industry has also been effectively neutralized."
