PANews February 21 News, according to Caixin.com, just after the release of Document No. 42, “Notice on Further Preventing and Disposing of Risks Related to Virtual Assets,” the team at CICC Hong Kong has been engaging with major public blockchains and exchanges to explore business cooperation opportunities. Some blockchain project leaders have also expressed a desire to collaborate with relevant investment banks and intermediary institutions to explore business opportunities. Ant and JD.com have both shown high concern regarding policy changes.
According to related reports, Hong Kong is one of the offshore issuance locations for RWA. Industry insiders familiar with regulations stated that RWA based on assets in Hong Kong does not fall under the regulatory scope of Document No. 42 and is not under the jurisdiction of domestic regulatory authorities. Currently, there are no underlying assets based on domestic securities or funds in China Hong Kong or other offshore RWA. If there are, they are under the responsibility of the China Securities Regulatory Commission’s Institutional Department. Additionally, “Originally, all were not allowed. Now, it’s not said that ‘all are not allowed,’ but strict regulation of outbound RWA based on domestic assets is in place. There is no ‘encouragement’ here; it should not be interpreted as ‘promoting development’ or ‘rapid expansion,’ but as ‘strict regulation.’”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tempo and Safe{Wallet} have completed integration, supporting multi-signature smart account management for stablecoin settlements.
Tempo has completed integration with Safe{Wallet} to launch a programmable multi-signature account, supporting financial institutions and payment service providers in managing transaction fees with stablecoins, reducing transfer costs to below $0.001, and enhancing blockchain payment efficiency.
GateNews1h ago
Anchorage Digital adds Tron custody, opens U.S. institutional access to TRX trading
Anchorage Digital will support the Tron blockchain, starting with institutional custody for TRX, enabling regulated participation in the network. Plans include adding TRC-20 assets and staking options, bridging traditional finance with crypto's growing ecosystem.
CoinDesk1h ago
New Stablecoin on XRP Ledger? Ripple Exec Shares Payment Update - U.Today
Ripple Labs is testing a stablecoin payment system on the XRP Ledger, signaling potential real-world adoption and increasing cross-border payment activity. This test aligns with XRPL upgrades and aims to enhance security using AI, with the goal of boosting institutional confidence and expanding market presence as Ripple pursues retail solutions in finance.
UToday1h ago
Anchorage Digital launches Tron custody services, allowing U.S. institutions to hold TRX.
Anchorage Digital announced new support for the Tron blockchain, launching an institutional custody service for TRX, enabling U.S. institutions to securely hold TRX and participate in network validation. The project will be rolled out in phases, with the goal of enhancing institutional liquidity for crypto assets and the potential for returns, while also promoting the convergence of traditional finance and blockchain.
GateNews1h ago
Cardano’s Ecosystem Breaks Through: Midnight Signs a £250M Tokenization Agreement, With the Privacy Chain Becoming a Key Lever
Cardano's ecosystem has made progress, with Midnight reaching an agreement with the UK bank Monument to tokenize £250 million in deposits on-chain. This marks a new step in the integration of traditional finance and blockchain, while also promoting the development of tokenized assets. However, Cardano still faces challenges in the DeFi space, and the ecosystem's activity level needs to be improved.
GateNews2h ago
