China orders halt to stablecoin research and promotion

8-8-2025 – Chinese financial regulators have directed local brokerages and think tanks to cease all stablecoin-related research and promotional activities, citing risks of fraud and market instability, first reported by Bloomberg. The guidance, issued in late July and early August, aims to curb speculative interest in stablecoins amid growing public enthusiasm for digital assets. The [. source: https://www.cointrackdaily.com/china-orders-halt-to-stablecoin-research-and-promotion/