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, according to Reuters. This would be the first time the country allows any form of stablecoin tied to its national currency. The decision is expected to be reviewed by the State Council, the highest administrative body in […] source: https://www.cryptopolitan.com/china-legalizes-yuan-pegged-stablecoins/