China Targets RWA in New Regulatory Crackdown

2025-12-05 23:37

China's latest regulatory document from seven associations has explicitly identified Real World Asset (RWA) tokenization as a form of illegal virtual currency activity. This marks the first time RWA has been mentioned alongside stablecoins, air coins, and mining as key targets for regulatory action. The inclusion of RWA in this context signals a significant shift, categorizing it as a risk rather than a new technology awaiting regulatory clarity. Consequently, the development of Web3 services related to RWA in China is effectively halted.

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