PANews February 21 News, according to Caixin.com, just after the release of Document No. 42, “Notice on Further Preventing and Disposing of Risks Related to Virtual Assets,” the team at CICC Hong Kong has been engaging with major public blockchains and exchanges to explore business cooperation opportunities. Some blockchain project leaders have also expressed a desire to collaborate with relevant investment banks and intermediary institutions to explore business opportunities. Ant and JD.com have both shown high concern regarding policy changes.
According to related reports, Hong Kong is one of the offshore issuance locations for RWA. Industry insiders familiar with regulations stated that RWA based on assets in Hong Kong does not fall under the regulatory scope of Document No. 42 and is not under the jurisdiction of domestic regulatory authorities. Currently, there are no underlying assets based on domestic securities or funds in China Hong Kong or other offshore RWA. If there are, they are under the responsibility of the China Securities Regulatory Commission’s Institutional Department. Additionally, “Originally, all were not allowed. Now, it’s not said that ‘all are not allowed,’ but strict regulation of outbound RWA based on domestic assets is in place. There is no ‘encouragement’ here; it should not be interpreted as ‘promoting development’ or ‘rapid expansion,’ but as ‘strict regulation.’”
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
Tether and the city of Lugano, Switzerland, will invest up to $6.3 million to expand the Bitcoin program
PANews March 4 News, according to CoinDesk, Tether and the city of Lugano, Switzerland, have committed up to 5 million Swiss Francs (approximately $6.3 million) to expand their Bitcoin initiative, aiming to make Lugano a global digital infrastructure hub. The plan builds on the existing foundation of over 400 merchants accepting Bitcoin and USDT payments.
GateNews52m ago
Citibank is laying out Bitcoin infrastructure! Aiming to launch institutional-grade custody and cross-asset collateral this year
Citigroup is actively promoting the banking of Bitcoin, planning to launch institutional-grade custody services in 2026 to integrate traditional financial systems. By simplifying technical access and improving capital efficiency, Citigroup aims to reduce operational friction for institutional clients and incorporate digital assets into standardized management, further attracting conservative institutional funds into the crypto market.
CryptoCity1h ago
SoFiUSD collaborates with Mastercard to become a global settlement stablecoin
SoFi Technologies expands its partnership with Mastercard to include its fully reserve USD stablecoin SoFiUSD as a global payment settlement currency. This collaboration aims to integrate SoFiUSD into traditional financial settlement systems and support real-time transactions and cross-border transfers, further promoting the use of stablecoins in the financial market.
MarketWhisper1h ago
Holding a 40% stake in Binance Japan! SoftBank's PayPay to go public in the US IPO, valued at $13.4 billion
Japanese payment company PayPay plans to go public in the U.S., aiming to raise $1.1 billion with a valuation of up to $13.4 billion. It has over 72 million users and is actively expanding into cryptocurrency. PayPay has partnered with Binance Japan to integrate payment infrastructure and blockchain technology, promoting Web3 development.
CryptoCity1h ago
PYUSD is used to expand TCS Blockchain's on-chain trade finance services in the freight industry.
PANews March 4 News, according to The Block, transportation trade finance provider TCS Blockchain announced the integration of PayPal USD (PYUSD) to offer same-day financing and on-chain settlement for freight invoices. Truck drivers can exchange invoices for TCS tokens, then convert them into PYUSD stablecoins, thereby avoiding the 30-180 day payment terms and over 30% revenue loss associated with traditional factoring companies. The company states that this solution can reduce costs by 90%, and it is expected that the annual transaction volume will exceed $1 billion by 2026.
GateNews2h ago
Hong Kong teams up with the Shanghai government! Building a cross-border blockchain platform to promote digital trade and eBL pilot programs
The Hong Kong Monetary Authority and Shanghai have signed a Memorandum of Understanding to advance the Project Ensemble initiative, aimed at integrating the trade finance market and enhancing digital applications. This collaboration leverages blockchain technology to address trade data interoperability and financial services, while promoting Hong Kong's role as an international financial center. At the same time, Hong Kong is pushing forward digital asset policies and stablecoin regulation, with the goal of strengthening its digital economy and attracting overseas investment, gradually moving toward the machine economy era of 2026.
CryptoCity2h ago
