Is China back away from the Stablecoin batch? According to what was reported, the organizers move to cold on the market from frenzy star-news.press/wp

The Chinese organizers are said to move on the growing noise around Stablecoins, which orders companies to stop promotional offers on this topic.

According to August 8 a reportChina’s financial organizers ordered the companies to cancel seminars and stop all research publications related to Stablecoins.

Quoting the persons familiar with this matter, the report claims that the campaign comes amid fears that Stablecoins will be exploited as a new tool for fraudulent activities. Although the authorities have not yet issued a public statement, the report comes in the wake of a warning from the municipal workplace in Chentzn on July 7 to prevent and combat illegal financial activities, as items such as stablecoins were exposed to harmful purposes.

As Crypto.News said at the time, the authorities have warned that unauthorized entities were benefiting from the increasing tinnitus on launching digital assets supported by Yuan to enhance the shaded investment plans, operate the events of collecting illegal donations, and exploit citizens.

But despite the fears, the Chinese stablecoin still pushing the scenes of the scenes.

The Financial Times recent report revealed that interior talks about a possible launch in China growing in China, especially since the government is seeking to compensate for the dominance of the US dollar in global markets.

According to what was reported, officials are looking for expert inputs about the best ways to issue and implement Stablecoins associated with Renminbi. It is also suspected that the strict regulatory position in the long -term industry, including the comprehensive ban on local encryption operations, is given, as the organizers are said to re -evaluate their broader position on digital assets.

A lot of transformation comes amid increasing acceptance of the assets category in regions such as Hong Kong and the United States, following historical developments such as the United States’ genius legislation and Hong Kong’s proposal from the Stablecoin Decree.

It is also said that China’s technology companies such as JD.com and Ant Group are actively pressing on the Chinese People’s Bank (PBOC) to authorize Stablecoins, stressing their urgent need to support international currency.

Meanwhile, China is forming efforts on a parallel front, as it develops its digital banks called Yuan Digital or E-CNY. Earlier this year, PBOC Governor Ban Gongcheng said the country is planning to establish a center for international currency operations in Shanghai, repeating Beijing’s view of the “multi -pole” global currency system that is not excessively dependent on the dollar.

Currently, there is no official confirmation of whether the backed Stablecooin will be launched. However, the increased internal attention, which is associated with signs of relieving regulations, indicates that the country’s appetite for digital assets is growing.