China Crypto Regulation: Strategic Moves Against the Rise of US Dollar-Pegged Assets

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China is waking up to the stablecoin challenge! Recently the United States doubled down on crypto development, announcing its intent to build a national strategic Bitcoin reserve. With US dollar-backed stablecoins spreading fast, thanks to Trump’s pro-crypto stance, Europe has already raised red flags over monetary control. Now, China is weighing its options. A recent …

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