Deep Tide TechFlow News, February 6th, the CSRC issued the “Regulatory Guidelines on Domestic Asset-Backed Securities Tokens Issuance Overseas.” The guidelines state that domestic assets issued as asset-backed securities tokens overseas refer to activities that utilize encryption technology and distributed ledger or similar technology to issue tokenized rights certificates abroad, with cash flows generated from domestic assets or related rights as the repayment support. The issuance of asset-backed securities tokens overseas using domestic assets must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network, and data security. It must also follow the procedures required by relevant regulatory authorities, such as approval, filing, or security review, and must not harm national interests or social public interests. (Jin10)
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The CSRC releases "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets"
Deep Tide TechFlow News, February 6th, the CSRC issued the “Regulatory Guidelines on Domestic Asset-Backed Securities Tokens Issuance Overseas.” The guidelines state that domestic assets issued as asset-backed securities tokens overseas refer to activities that utilize encryption technology and distributed ledger or similar technology to issue tokenized rights certificates abroad, with cash flows generated from domestic assets or related rights as the repayment support. The issuance of asset-backed securities tokens overseas using domestic assets must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network, and data security. It must also follow the procedures required by relevant regulatory authorities, such as approval, filing, or security review, and must not harm national interests or social public interests. (Jin10)