The China Securities Regulatory Commission (CSRC) has issued the “Guidelines on the Regulation of Asset-Backed Securities Tokens Issued Overseas Using Domestic Assets.” These asset-backed securities tokens issued overseas using domestic assets refer to activities where tokenized rights or interests are issued abroad, supported by cash flows generated from domestic assets or related rights, utilizing encryption technology and distributed ledger or similar technology. When issuing asset-backed securities tokens overseas using domestic assets, strict compliance with laws, administrative regulations, and relevant policies regarding cross-border investment, foreign exchange management, network, and data security is required. The relevant regulatory authorities’ approval, filing, or security review procedures must be followed, and the activities must not harm national interests or social public interests.
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The CSRC releases "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets"
The China Securities Regulatory Commission (CSRC) has issued the “Guidelines on the Regulation of Asset-Backed Securities Tokens Issued Overseas Using Domestic Assets.” These asset-backed securities tokens issued overseas using domestic assets refer to activities where tokenized rights or interests are issued abroad, supported by cash flows generated from domestic assets or related rights, utilizing encryption technology and distributed ledger or similar technology. When issuing asset-backed securities tokens overseas using domestic assets, strict compliance with laws, administrative regulations, and relevant policies regarding cross-border investment, foreign exchange management, network, and data security is required. The relevant regulatory authorities’ approval, filing, or security review procedures must be followed, and the activities must not harm national interests or social public interests.