China classifies RWA as illegal finance, sends a warning to domestic and overseas operators

The financial industry groups in China have officially put out a joint warning saying that real-world asset tokenization (RWA) is a prohibited financial activity. The statement says that people and businesses in the US that sponsor RWA initiatives could be charged with crimes. The document is co-signed by the National Internet Finance Association of China, […] source: https://www.cryptopolitan.com/china-classifies-rwa-as-illegal-finance-sends-a-warning-to-domestic-and-overseas-operators/