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China Cracks Down on Stablecoin Promotions While Pursuing Yuan Digital Currency
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China Cracks Down on Stablecoin Promotions While Pursuing Yuan Digital Currency
The post China Cracks Down on Stablecoin Promotions While Pursuing Yuan Digital Currency appeared on BitcoinEthereumNews.com. Chinese regulators have ordered local companies to stop promoting stablecoins through research reports and seminars. The move targets concerns about fraud and speculation, even as China quietly develops its own yuan-backed digital currency projects. In late July and early August 2025, financial regulators told major broke…
Chinese regulators have advised brokerages and other organizations to stop publishing materials and holding seminars on stablecoins in an effort to curb growing interest in the asset class, Bloomberg reported, citing its sources...
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