$BTC $BNB The core reason for the explosive rise of Bitcoin has been found: China is going to loosen RWA issuance.

Yesterday, China's financial regulatory authorities released regulatory rules for RWA, clearly stating for the first time that they will allow the issuance of RWA outside the country.

Now RWA is the next super cake at the trillion level.

The most obvious characteristic is the explosion of content related to the Metaverse and Web3 on WeChat.

Core model: Domestic entity + Hong Kong + RWA

First, local implementation, eliminating remote profit-seeking law enforcement; Shenzhen will become the RWA base.

Second, as long as it has been filed, domestic entities can issue RWA.

Third, domestic entities + overseas rights can issue RWA without filing. Domestic entities + domestic rights need to be filed to issue.