Shenzhen Securities Regulator Warns Against Illegal Activities Using RWA Tokenization as Cover

RWA-1.05%
According to Shenzhen Securities Regulatory Bureau, on June 12, the regulator issued a warning against illegal activities conducted under the guise of real-world asset (RWA) tokenization. The bureau stated that fraudsters have been exploiting the RWA concept through misrepresentation of "financial innovation" and "technological benefits" to conduct illegal fundraising, fraud, pyramid schemes, money laundering, and unlicensed operations, disrupting economic and financial order and endangering public property safety.
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