The Shanghai regulator’s recent meeting focused on stablecoins and digital currencies, reflecting a potential policy shift and gathering insights from over 60 experts.
JD.com and Ant Group are reportedly preparing to introduce yuan-backed stablecoins through Hong Kong by August 1, aiming to enhance China’s digital asset presence.
Beijing raises concerns about scams tied to stablecoins, highlighting the over 99% dominance of US dollar-backed tokens in the market, prompting a search for alternatives.
Leave a Reply