Browsing: China stablecoins

China stablecoins have emerged as a key topic in the rapidly evolving landscape of digital currencies, especially with the significant rise of the digital yuan.As the country accelerates its efforts to develop this national cryptocurrency, former Deputy Governor of the Bank of China, Wang Yongli, warns of the potential risks associated with stablecoins that could undermine renminbi sovereignty.

Stablecoins regulation is becoming an increasingly hot topic in the cryptocurrency landscape, especially in light of recent developments.With the People’s Bank of China (PBoC) set to issue guidelines pertaining to stablecoins, industry stakeholders are expecting significant shifts in the regulatory paradigm.