Foresight News reports that, according to Caixin, following the joint issuance by the People’s Bank of China and seven other departments of the “Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies” (referred to as Document No. 42), the regulatory framework for RWA (Real-World Asset) issuance abroad by domestic assets has begun to take shape. The overall tone of Document No. 42 emphasizes strict prohibition domestically and strict regulation abroad of RWA. According to regulatory insiders familiar with the matter, Hong Kong is one of the offshore RWA issuance locations. RWA based on assets from Hong Kong is not within the scope of regulation under Document No. 42 and is not under the jurisdiction of domestic regulators. Currently, there are no underlying assets based on domestic securities or funds in offshore RWA in Hong Kong or other locations. If there are, they fall under the responsibility of the China Securities Regulatory Commission’s Institutional Department. Additionally, it was previously “completely prohibited.” Now, “it is not said to be completely prohibited,” but there is strict regulation of domestic assets’ outbound RWA. There is no “encouragement” involved here; it should not be interpreted as “promoting development.”
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
SEC Commissioner Hester Peirce: Welcome to explore tokenization, institutions actively communicate with regulators
US SEC Commissioner Hester Peirce stated that regulators maintain an open stance toward asset tokenization and novel trading products, encouraging companies to communicate with them. Peirce emphasized the desire to collaborate with the industry to ensure new financial products comply with legal requirements, and noted growing attention to high-leverage ETFs.
GateNews52m ago
Ghana SEC Approves 11 Firms for Crypto Sandbox
_Ghana’s SEC admits 11 firms into a 12-month VASP Act 2025 crypto sandbox, setting the stage for full digital asset licensing across West Africa._
Ghana’s Securities and Exchange Commission just moved. Eleven virtual asset service providers got access to a regulatory sandbox on March 10, 2026.
LiveBTCNews2h ago
Cryptocurrency Tax Roundtable Postponed Again Due to Severe Windstorm, Host Country Congressional Members' Flights Delayed
Gate News reports that on March 16, according to crypto journalist Eleanor Terrett's disclosure on X platform, the cryptocurrency tax roundtable was forced to be postponed again due to flight delays caused by strong windstorms and tornado warnings. Two congressional representatives hosting the conference were also affected by flight delays and unable to attend.
GateNews3h ago
Bitcoin Miner HIVE Gradually Halts Swedish Mining Operations While Expanding Canadian AI Data Center
Bitcoin mining company HIVE is gradually reducing its mining operations in Sweden due to tax disputes and operational uncertainty. Simultaneously, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada by four times. Despite gaining legal support, Swedish authorities are still requiring it to pay disputed tax deposits.
GateNews6h ago
Cryptocurrency Tax Roundtable Rescheduled for Today Due to Blizzard Delay
Gate News reports that on March 16, the cryptocurrency tax roundtable meeting previously postponed due to snowfall last month has been rescheduled for today at 4 p.m. Eastern Time. The event will be jointly hosted by Senator Steve Daines, Senator Cynthia Lummis, and Representative Mike Carey. Despite tornado weather hitting Washington D.C. today, the event is currently scheduled to proceed as planned.
GateNews7h ago
U.S. Stablecoin Yield Regulation Negotiations Near Consensus, Proposal Would Ban Idle Balance Yields but Permit Trading Rewards
At the DC Blockchain Summit in Washington, the crypto and banking industries reached a consensus on stablecoin yield regulation, favoring a ban on idle balance yields while allowing transaction-based rewards. Senators Thom Tillis and Angela Alsobrooks were key drivers, and if an agreement is reached, it would accelerate resolution of DeFi and token classification disputes.
GateNews8h ago
