China Tells Brokers to Stop Touting Stablecoins to Cool Frenzy

China Tells Brokers to Stop Touting Stablecoins to Cool Frenzy

China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability.

China cracks down on stablecoin promotions, research and seminars – MAXBIT

Chinese regulators ordered local firms to halt seminars and research on stablecoins, citing concerns over potential fraud and herd-driven speculation. Chinese authorities told local firms to stop publishing research or holding seminars related to stablecoins, according to a Friday report from Bloomberg. Chinese financial regulators reportedly instructed local brokers and other entities to cancel seminars...

China Silently Pressures Brokerages to Pull Back on Stablecoin Promotions

Multiple major brokerages and financial institutions have reportedly been instructed behind closed doors to cancel upcoming seminars and remove research reports related to stablecoins, according to Bloomberg sources. The move, while not publicly confirmed by the China Securities Regulatory Commission or the central bank, reflects growing official concern about illicit uses of the asset class. Authorities appear especially worried about the role …

China Tells Brokers To Stop Touting Stablecoins To Cool Frenzy

An anonymous reader shares a report: China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins [non-paywalled source], seeking to rein in the asset class to avoid instability. Some leading brokerages and think tanks in late July and earlier this month received guidance from financial regulators, urging them to cancel seminars and halt disseminating research on stablecoins, people familiar with …

China Takes Steps to "Cool Frenzy" Around Stablecoin Market: Report

China halts stablecoin research and seminars amid concerns over financial risks. OTC crypto trading in China remains high despite strict bans and local risk warnings. Hong Kong advances stablecoin regulation, issuing licenses to key Chinese-backed firms. Chinese authorities have quietly told local brokerages and financial institutions to stop promoting stablecoins, a move designed to cool the growing frenzy around the asset class, according to a…

China Regulators Move to Suppress Stablecoin Promotion Amid Fraud Fears - Crypto Economy

TL;DR China instructed brokers and local entities to halt the promotion of stablecoins and cancel events or publications on the subject. Despite the cryptocurrency ban, over-the-counter trading of digital assets in China reached $75 billion in 2024. Hong Kong has already granted licenses to 11 exchanges and 44 crypto companies, while the U.S. approved its first federal law regulating stablecoins. China ordered stock brokers and other local bodi…