Welcome to report and arrest? Today, the Internet Finance Association, composed of multiple government departments including the Central Bank, the China Securities Regulatory Commission, and the China Banking and Insurance Regulatory Commission, officially issued a new round of regulatory crackdown documents targeting the crypto space. Special note: If you discover any activities related to virtual currencies or RWA within mainland China, you are encouraged to report them to regulators and file a case promptly. Compared to the previous tightening on May 19, 2021, this round adds: · Activities like managing communities or guiding users to register for trading are now deemed illegal. · Tokenization of real-world assets (RWA) is considered illegal. · Entities such as internet companies, publicly listed companies, and payment institutions are prohibited from providing any support for such activities, including offering financial services to mining enterprises. This also means that in the future, there will be no compliant blockchain, compliant RWA, or compliant tokenized financial products within mainland China. Individuals involved in agency services, traffic generation, or customer support for exchanges and token-related businesses will also be held accountable.