Svmuu News The Hainan Provincial Local Financial Administration officially issued a risk warning on March 18, directly targeting the illegal financial activities in the current market that, under the guise of names such as "Hainan International Data Asset Exchange," "Hainan Digital Asset Exchange," and "Hainan Hai Exchange," illegally conduct RWA (Real World Asset) and RDA (Real Data Asset) trading businesses. This directly exposes the compliance disguises of some illegal entities while reiterating the regulatory red line for domestic RWA tokenization activities.
The core of this risk warning from the Hainan Provincial Local Financial Administration is to completely deny the legal status of the "Hainan International Data Asset Exchange," clearly informing the market that no such institution has ever been approved for establishment within the jurisdiction of Hainan Province. Simultaneously, the regulatory authorities have clearly delineated the compliance threshold for establishing trading venues: the establishment of any trading venue within Hainan Province must be approved by the provincial government. Without approval from the competent authorities, market entities are not only prohibited from using exclusive terms such as "exchange" or "trading center" in their registered names but are also strictly forbidden from engaging in any trading venue-related business activities.