Shenzhen Securities Regulator Issues Warning on Illegal Activities Using RWA Concept on June 12

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According to Shenzhen Securities Regulatory Bureau, on June 12, the regulator issued a warning about illegal activities being conducted under the guise of real-world asset (RWA) tokenization. Scammers have been exploiting the emerging RWA concept, using claims of "financial innovation" and "technological dividends" to conduct illegal fundraising, fraud, pyramid schemes, money laundering, and unauthorized operations, disrupting economic and financial order and endangering public property security.
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