Lawyer Liu Honglin pointed out that the document from the seven associations marks the first time RWA (Real World Asset Tokenization) has been explicitly mentioned, along with a qualitative opinion. In the full text, RWA is listed alongside stablecoins, meme coins, and mining as one of the main forms of 'illegal activities related to virtual currencies.' This wording itself is a strong signal: RWA is no longer considered a 'new technology' awaiting regulatory clarification but has been directly included in the regulatory crackdown list as a 'risk model.' This also means that the entire Web3 service chain built around RWA has almost completely come to a halt within China. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=53031