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Cryptopolitan on MSN1d
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 has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the overwhelming ...
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 ...
China’s top leadership could hold a meeting to discuss stablecoins by the end of this month, according to a report published ...
China is mulling the release of yuan-backed stablecoins to boost global use of its currency, according to a report from ...
China is considering allowing the use of yuan-backed stablecoins, in a move that would represent a reversal in its stance on digital assets, according to a Reuters report citing people familiar with ...
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Why China is expanding into digital currencies
Critics of stablecoins say that since they are essentially a proxy for ordinary currencies that can bypass banking systems and safeguards set up to manage traditional financial transactions, they ...
Reuters on MSN1h
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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