Breaking: Chinese Regulator Mulling 'Major' Crypto Pivot
2025-07-11 04:53:16
Main Idea
China may be reconsidering its strict anti-crypto stance, with indications of potential regulatory shifts and discussions around yuan-backed stablecoins.
Key Points
1. Chinese regulators are reportedly considering a 'major' pivot away from their hardline anti-crypto stance.
2. Shanghai-based companies JD.com and Ant Group are seeking approval from the People's Bank of China (PBoC) for yuan-backed stablecoins.
3. The potential shift reflects greater sensitivity to emerging technologies, signaling a change in regulatory tone.
Description
China might be pivoting away from its hardline anti-crypto stance, with a Shanghai regulator recently showing openness to the emerging asset class
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