Browsing: Renminbi-pegged stablecoins
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China stablecoin regulations are undergoing significant changes as the People’s Bank of China (PBOC) takes decisive measures to control the issuance of Renminbi-pegged stablecoins.Recently, the PBOC, along with several regulatory agencies, announced a ban on the unapproved release of these stablecoins, emphasizing the need for compliance from both local and international issuers.