China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening

A key financial regulator in Shanghai convened a meeting this week to discuss policy responses to stablecoins and cryptocurrencies. The development marks a potential transition in China’s strict stance on crypto assets.  The gathering was organized by the Shanghai State-owned Assets Supervision and Administration Commission (SASAC). It brought together 60 to 70 local officials and […] The post China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening appeared first on Coin Edition.