Breaking News! Eight ministries + CSRC set the tone: Virtual currency is fully controlled, RWA officially enters the compliance era
New direction for China's Web3
While blocking, also opening up; the direction is completely set:
I. Joint statement from eight ministries: Virtual currency is fully classified as illegal
All domestic virtual currency trading, exchange, mining, promotion, traffic diversion, and agency investment, etc., are illegal financial activities
There is no gray area; we do not recognize, protect, or cover it
II. CSRC RWA guidelines: Real assets on-chain are officially compliant
Strict control over air coins, allowing real assets on-chain (RWA)
Bonds, real estate, accounts receivable, and other physical assets can be tokenized through blockchain
III. The only compliance path for RWA
1. Assets must be real and transparent