ChainCatcher news reports that, according to Xinhua News Agency’s client, eight departments have issued a document further emphasizing that virtual currency-related activities are illegal financial activities. The document also delineates compliance boundaries for RWA tokenization, stating “strictly prohibited domestically and strictly regulated abroad,” and specifically names Shuqin Technology as a pioneer in RWA compliance business.
It is reported that Shuqin Technology is a blockchain company based in Hangzhou. Public information shows that its founder was involved in founding “Yibit” and served as CTO, making him one of the earliest blockchain entrepreneurs in China. Previously, Shuqin Technology has been exploring RBA (Real Business Assets), relying on “full-process trusted data” to structurally present enterprise operations, revenues, and risks, and has established a “triple enhancement” governance framework: supporting asset sustainability with real business, achieving verifiable and traceable data with trusted information, and front-loading compliance requirements and responsibility boundaries through governance structures. Meanwhile, Shuqin has introduced the “grain data” methodology, breaking down business into the smallest verifiable units, fully presenting the business process chain to meet key requirements such as authenticity, traceability, and risk isolation, providing foundational support for new productivity enterprises to connect with international capital.
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