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

CoinFeed reported on March 24 that the Hainan Provincial Local Financial Regulatory Bureau officially issued a risk warning on March 18, directly targeting illegal financial activities currently taking place in the market under the guise of "Hainan International Data Asset Exchange," "Hainan Data Exchange," and "Hainan Maritime Exchange," which are illegally conducting RWA (Real-World Asset) and RDA (Real-World Data Asset) trading businesses. This directly exposes the compliance pretense of some illegal entities and reiterates the regulatory red lines 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 the Hainan provincial jurisdiction.