The China Securities Regulatory Commission announced on February 6 the “Regulatory Guidelines for the Offshore Issuance of Asset-Backed Securities Tokens with Domestic Assets,” which took effect immediately upon release. The guidelines define offshore issuance of asset-backed securities tokens with domestic assets as activities that utilize encryption technology and distributed ledger or similar technology to issue tokenized rights certificates abroad, supported by cash flows generated from domestic assets or related rights. Offshore issuance of asset-backed securities tokens with domestic assets must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network and data security, and must follow procedures such as approval, filing, or security review required by relevant regulatory authorities. Such activities must not harm national interests or social public interests.
(Source: Jiemian News)
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The CSRC releases "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets"
The China Securities Regulatory Commission announced on February 6 the “Regulatory Guidelines for the Offshore Issuance of Asset-Backed Securities Tokens with Domestic Assets,” which took effect immediately upon release. The guidelines define offshore issuance of asset-backed securities tokens with domestic assets as activities that utilize encryption technology and distributed ledger or similar technology to issue tokenized rights certificates abroad, supported by cash flows generated from domestic assets or related rights. Offshore issuance of asset-backed securities tokens with domestic assets must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network and data security, and must follow procedures such as approval, filing, or security review required by relevant regulatory authorities. Such activities must not harm national interests or social public interests.
(Source: Jiemian News)