China Declares RWA Tokenization Illegal, Targeting Web3 Service Chains
- Industry Joint Declaration: Seven major financial associations jointly declared RWA tokenization as illegal financial activity, emphasizing its high-risk and fraudulent nature, which directly impacts the legality and operational models of related domestic and international projects.
- Liability Extension: The notice explicitly states that overseas projects involved in RWA tokenization and their staff in China will face legal consequences, further undermining the viability of the domestic Web3 service ecosystem.
- Regulatory Risk Warning: China's securities regulator has urged domestic brokerages to halt RWA tokenization operations in Hong Kong, indicating a heightened vigilance towards potential financial risks, which may lead to decreased confidence in related markets.
- Digital Currency Strategy: This action aligns with China's strategy to internationalize the digital yuan, reflecting the state's strict control over cross-border capital flows, potentially affecting future financial technology innovations and market competition dynamics.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00242 | 0.00655 | 0.0148 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00655 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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