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
Latest News
- Second-Biggest XRP Breakout in 2025: $3 Incoming?2025-07-11 09:00:37
- '$1 Million BTC' Samson Mow: ‘There’s Not Enough Bitcoin For Everyone’2025-07-11 08:20:33
- Cardano's Hoskinson Makes Trillion-Dollar Altcoin Prediction2025-07-11 07:05:33
- Breaking: Chinese Regulator Mulling 'Major' Crypto Pivot2025-07-11 04:53:16
- XRP Can Become Unstoppable, Bitcoin (BTC) When Next ATH? Shiba Inu (SHIB): Ready For Bigger Price Rally2025-07-11 00:20:46