China Softening On Crypto? Shanghai Hosts Rare Digital Currency Policy Meeting
2025-07-12 05:33:42
Main Idea
The article discusses recent developments in the cryptocurrency sector, including China's potential softening stance on crypto, Bitcoin's new all-time high, and the broader market momentum.
Key Points
1. Shanghai regulators held a rare meeting on digital currency policy, hinting at a possible shift in China's crypto ban since 2021, with companies like JD.com and Ant Group pushing for yuan-based stablecoins.
2. Bitcoin reached a new all-time high, sparking significant market momentum, with Ethereum and XRP also seeing substantial gains and over $1.1 billion in short liquidations.
3. The US now accounts for 75% of reported Bitcoin mining activity, as China's crackdown led to a shift in mining power, though the sector's global growth may be too significant for China to ignore.
4. Tether announced a strategic partnership aimed at combating stablecoin issues, reflecting ongoing developments in the stablecoin sector.
5. The article also mentions various crypto-related topics such as how to buy cryptocurrency, crypto gambling, and the best Bitcoin forex brokers, though these are not the focus.
Description
In a rare move, a Shanghai regulator just held a meeting on stablecoins and digital currencies. Is China warming up to crypto? Shanghai Regulator Discussed Crypto In A Meeting Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting on Thursday with local government officials to discuss stablecoin and digital currency policy, as reported by Reuters . The meeting, which involved around 60-70 attendees, could hint at a change in China’s stance, as crypto has bee...
Latest News
- Think Before You Tap: Tasmania’s Crypto ATM Craze Turns Into $1.6M Scam Disaster2025-07-12 11:47:39
- اكتتاب عملة بيتكوين هايبر (Bitcoin Hyper-HYPER) يتخطى علامة 2 مليون دولار، مع تطلع المشترين الأوائل إلى كسب عوائد كبيرة2025-07-12 10:43:29
- US Treasury Officially Removes Controversial Biden-Era Crypto Broker Reporting Rules2025-07-12 09:30:14
- SharpLink Buys 10,000 ETH From Ethereum Foundation — What Are They Planning?2025-07-12 07:56:56
- US-Regierung verkündet Crypto Week! Was das für den Kryptomarkt bedeutet2025-07-12 07:31:14