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A report from the House Committee on the Chinese Communist Party (CCP) highlights the national security risks associated with the use of Chinese technology firms in the U.S. The report emphasizes the potential data vulnerabilities posed by these companies, urging stricter scrutiny and regulatory measures to protect sensitive information.
China's securities regulator has advised local brokerages to pause their real-world asset (RWA) tokenization business in Hong Kong, reflecting concerns over the rapid growth of digital assets. The move comes as Hong Kong seeks to establish itself as a digital assets hub despite China's cautious stance on cryptocurrency.
Chinese money-laundering networks have become the primary players in a vast illicit money-services industry, facilitating the transfer of profits from various criminal activities, including drug trafficking and scams. A report from the Treasury highlights the importance of scrutinizing suspicious transactions involving Chinese nationals to enhance law enforcement efforts against these operations.