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While stablecoins may offer new tools for advancing China’s monetary ambitions, their decentralised logic sits uneasily with ...
As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.
China is reportedly considering allowing yuan-pegged coins, but experts warn the crypto industry shouldn’t get too excited.
CFR warns USD stablecoins threaten China’s sovereignty, prompting Beijing to develop state-controlled digital alternatives.
Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of ...
Cryptopolitan on MSN2d
China to legalize yuan-pegged stablecoins this month after 12-year crypto ban
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to ...
Reuters on MSN1d
Crypto Weekly: stablecoins and sanctions
From why China might be considering the use of yuan-backed stablecoins, to the latest Russia-related sanctions imposed by ...
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