Is China allowing RWA to issue coins?
The answer is yes!
The document released by the eight ministries yesterday contains two core messages.
First, there is still a high-pressure stance on domestic mining, virtual currencies, and stablecoins, consistent with previous positions.
Second, RWA has been given the green light for the first time; domestic institutions can issue coins overseas under regulatory filing conditions.
Domestic regulation is still very smart; this move allows global funds to flow into China, using Hong Kong, which supports crypto, as a transit point.
The answer is yes!
The document released by the eight ministries yesterday contains two core messages.
First, there is still a high-pressure stance on domestic mining, virtual currencies, and stablecoins, consistent with previous positions.
Second, RWA has been given the green light for the first time; domestic institutions can issue coins overseas under regulatory filing conditions.
Domestic regulation is still very smart; this move allows global funds to flow into China, using Hong Kong, which supports crypto, as a transit point.
