[PBOC and Eight Other Departments: Tokenization of Real-World Assets Should Be Prohibited Within the Country] Odaily Planet Daily News – The People's Bank of China and eight other departments have issued a notice on further preventing and addressing risks related to virtual currencies and other activities. The notice states that tokenization of real-world assets refers to the use of cryptographic technology and distributed ledger or similar technologies to convert ownership, income rights, and other asset-related rights into tokens or other rights and bond certificates with token-like characteristics, and to engage in issuance and trading activities. Activities involving the tokenization of real-world assets within the country, as well as the provision of related intermediary, information technology services, etc., are suspected of constituting illegal issuance of tokens and securities, unauthorized public issuance of securities, illegal operation of securities and futures businesses, illegal fundraising, and other illegal financial activities, and should be prohibited. Exceptions are made for relevant business activities carried out with the approval of the competent business authorities in accordance with laws and regulations, relying on specific financial infrastructures. Overseas entities and individuals are prohibited from illegally providing services related to the tokenization of real-world assets to domestic entities in any form.