China Securities Regulatory Commission urges brokerages to pause RWA business

The China Securities Regulatory Commission has called on brokerages to pause their RWA business, raising concerns about the impact on domestic innovation and the country's competitive position in global financial markets. This move reflects a cautious approach to asset tokenization, which could stifle growth in a rapidly evolving sector. As the world increasingly embraces digital assets, China's regulatory stance may hinder its ability to keep pace with international developments, making this a significant issue for investors and the broader economy.