Domestic OTC merchants are completely finished

Today, a new round of regulatory crackdown documents on the cryptocurrency circle was officially issued by the Internet Finance Association, composed of multiple government departments such as the central bank, the securities regulatory commission, and the banking regulatory commission.

Special note: If any activities related to virtual currency and RWA are found within the mainland, please report them to the regulators in a timely manner.

Compared to the last round of tightening on May 19, 2021, this time it adds:

· Related communities and guiding registration for illegal trading

· Real-world asset tokenization activities RWA are illegal

· Internet companies, listed companies, payment institutions, etc., cannot provide any support for such activities or provide financial services to mining enterprises.

This also means that in the future, there will be no compliant blockchain, compliant RWA, or compliant tokenized financial products within the mainland. Those who act as agents, guide traffic, or provide customer service for exchanges and token-related businesses will also be held accountable.