China has ordered top brokerages to stop publishing content related to stablecoins

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Chinese regulators have instructed major domestic brokerages to halt the publication of research and public commentary related to stablecoins. The move comes as China sees a rising wave of domestic interest in stable digital assets, which is reportedly causing concern among mainland authorities who remain opposed to most cryptocurrency activity. Sources with knowledge of the situation said that regulatory bodies began quietly guiding major financial firms in late July and early August to step ba...