Seven major Chinese financial associations have issued a joint warning against real-world asset tokenization and all virtual-currency-related activities. These are now classified as high-risk and unapproved. The announcement signals a sweeping crackdown on such practices.
On December 6, 2025, seven prominent Chinese financial associations released a coordinated statement cautioning against involvement in RWA tokenization and any activities linked to virtual currencies. The warning explicitly labels these areas as high-risk and unapproved, urging financial institutions and individuals to steer clear.
This move underscores China's ongoing stringent stance on cryptocurrency and related innovations. RWA tokenization, which involves converting real-world assets like real estate or commodities into digital tokens on blockchain platforms, has gained traction globally but faces severe restrictions in China. The associations' joint action aims to prevent potential financial risks and maintain regulatory control over emerging technologies.
No specific details on enforcement measures were provided in the announcement, but it aligns with previous bans on crypto trading and mining in the country. Industry observers note that such warnings often precede broader policy implementations.