China Eases on Stablecoins: Which Chinese Blockchain Could Power the Ambitions?

China is closely monitoring stablecoin developments while using Hong Kong as a testing ground for digital currency innovation. Financial regulators have intensified discussions on stablecoin strategies, emphasizing compatibility with national conditions and capital control concerns. China’s Cautious Stablecoin Strategy Chinese financial regulators recently summoned cryptocurrency experts to discuss stablecoin trends and implementation strategies, the Financial Times reported. A key message was that stablecoin projects must be compatible with China’s specific national conditions, one participant revealed source: https://beincrypto.com/china-eases-on-stablecoins-which-chinese-blockchain-could-power-the-ambitions/