China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners. Now, a Communist Party (CCP) representative wants to push the ball further, calling for a stablecoin backed by East Asian economic giants.
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Source: China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter