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China’s Securities Regulatory Commission (CSRC) has advised some domestic brokerages to temporarily halt their real-world asset (RWA) tokenization activities in Hong Kong. At least two major brokerages received informal guidance amid Beijing’s concerns over rapid growth in the offshore digital asset market. This move aims to strengthen risk management and ensure legitimacy in RWA projects. Meanwhile, Hong Kong continues efforts to become a digital asset hub despite China’s cautious stance on cryptocurrency.
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