America's Social Casino

Coin Edition 2025-07-11 12:30:00

China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening

China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening

Shanghai’s financial regulator held a high-level meeting to explore policy responses to stablecoins and digital currencies. Major Chinese firms like JD.com and Ant Group push for yuan-backed stablecoins. While interest grows, China’s central bank remains cautious, warning of the regulatory risks of Bitcoin. A key financial regulator in Shanghai convened a meeting this week to discuss policy responses to stablecoins and cryptocurrencies. The development marks a potential transition in China’s strict stance on crypto assets. The gathering was organized by the Shanghai State-owned Assets Supervision and Administration Commission (SASAC). It brought together 60 to 70 local officials and experts to explore strategic approaches to emerging digital currencies. Calls for Yuan-Pegged Stablecoins Gain Momentum In parallel with the global adoption of stablecoins, major Chinese companies, including e-commerce giant JD.com and fintech leader Ant Group, have urged the People’s Bank of China (PBOC) to authorize yuan-pegged stablecoins. These firms view yuan-backed digital currencies as a means to challenge the growing dominance of US dollar-linked stablec… The post China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening appeared first on Coin Edition .

最阅读新闻

Ethereum Foundation’s Sale of 10,000 ETH to S...
2025-07-11
Global oil supply growth outpaces demand grow...
2025-07-11
SharpLink Gaming Scoops 10,000 ETH From Ether...
2025-07-11
Bitcoin’s breakout isn’t about the Fed, it’s...
2025-07-11
Tron’s Strategic Alliance: Unlocking Massive...
2025-07-11
Peter Schiff Sounds the Alarm: Bitcoin’s Rise...
2025-07-11
Ethereum Surpasses $3,000 Amid Rising Volume,...
2025-07-11
Solana sandwich attacks ‘way down’: Anza’s Ma...
2025-07-11

相关新闻

Bitcoin’s Surge Past $118,000 May Reflect ETF Dema...
11 Jul 2025
House Republicans Push Crypto Bills Including Stab...
11 Jul 2025
Tether’s Bold Move: Consolidating USDT on Key Bloc...
11 Jul 2025
Bitcoin Could Enter Bullish “Banana Zone” Amid Spe...
11 Jul 2025
Surprising Statements from Arthur Hayes, Who Previ...
11 Jul 2025
US Democrats push back on digital asset bills with...
11 Jul 2025

阅读免责声明 : 此处提供的所有内容我们的网站，超链接网站，相关应用程序，论坛，博客，社交媒体帐户和其他平台（“网站”）仅供您提供一般信息，从第三方采购。我们不对与我们的内容有任何形式的保证，包括但不限于准确性和更新性。我们提供的内容中没有任何内容构成财务建议，法律建议或任何其他形式的建议，以满足您对任何目的的特定依赖。任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。在依赖它们之前，您应该进行自己的研究，审查，分析和验证我们的内容。交易是一项高风险的活动，可能导致重大损失，因此请在做出任何决定之前咨询您的财务顾问。我们网站上的任何内容均不构成招揽或要约