The Hainan Provincial Financial Regulatory Bureau warns: Be wary of illegal financial activities using names such as "Hainan Digital Exchange".

PANews reported on March 24 that the Hainan Provincial Local Financial Supervision and Administration Bureau officially issued a risk warning on March 18, directly pointing out illegal financial activities in the market that are being conducted under the names of "Hainan International Data Asset Exchange," "Hainan Data Exchange," and "Hainan Maritime Exchange," illegally engaging in RWA (Real World Asset) and RDA (Real Data Asset) trading businesses. This directly exposes the compliance pretense of some illegal entities, while reiterating the regulatory red line for RWA tokenization activities within China.

The core of this risk warning from the Hainan Provincial Local Financial Regulatory Bureau is to completely deny the legal status of the "Hainan International Data Asset Exchange," explicitly informing the market that no such institution has ever been approved for establishment within Hainan Province. Simultaneously, the regulatory authorities have clearly defined the compliance thresholds for establishing trading venues: the establishment of any trading venue within Hainan Province must be approved by the provincial government. Without approval from the relevant authorities, market entities are not only prohibited from using exclusive terms such as "exchange" or "trading center" in their registered names, but also from engaging in any trading venue-related business activities.