BTCC
/
BTCC Square
/
Global Cryptocurrency
/
China Halts RWA Tokenization Businesses in Hong Kong Amid Regulatory Concerns
China Halts RWA Tokenization Businesses in Hong Kong Amid Regulatory Concerns
12
3
BTCCSquare news:
China's securities regulator has instructed select brokerages to suspend real-world asset (RWA) tokenization activities in Hong Kong, signaling heightened scrutiny over digital asset ventures in the region. At least two firms received directives to cease offshore RWA operations, reflecting Beijing's cautious stance on Hong Kong's evolving crypto market.
The MOVE underscores regulatory efforts to mitigate risks as Chinese entities increasingly explore tokenized assets in Hong Kong. Despite the mainland's 2021 crypto ban, Hong Kong continues to operate under its own financial framework, creating a complex jurisdictional dynamic for digital asset innovation.
By:
