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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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