Chinese tech giants pause stablecoin plans after Beijing steps in: FT
The Economic Times··regulatory·negative
Financial Times reporting relayed by The Economic Times says Chinese regulators told major tech platforms to halt stablecoin pilots while authorities firm up oversight around yuan-linked tokens.
stablecoin:Yuan-linked stablecoinsstablecoin:e-CNYregulator:People's Bank of China
Coverage from 4 other sources
CoinTelegraphChina's tech giants halt stablecoin plans after Beijing regulators interveneCNBCChina pauses private stablecoin projects, prioritises digital yuanCrypto BriefingBeijing orders tech platforms to pause stablecoin pilots in favour of e-CNYEast Asia ForumChina's stablecoin crackdown: what it means for the digital yuan
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