The People's Bank of China and seven other ministries have issued a new notice, replacing the previous 2021 announcement. The main differences are: 1. Recently, the so-called "compliant" RWA has also been explicitly prohibited. 2. Domestic entities issuing tokens overseas based on domestic assets must file with the China Securities Regulatory Commission! 3. Strengthen "local implementation"—cases in each province should be handled by that province, reducing the difficulty of cross-provincial profit-seeking enforcement and clarifying regional responsibilities!