Chinese economists on prospects of yuan-backed stablecoins
Issuance and circulation of yuan-backed stablecoins within the Chinese mainland are infeasible; Hong Kong presents a useful proving offshore market, said the experts.| www.eastisread.com
Issuance and circulation of yuan-backed stablecoins within the Chinese mainland are infeasible; Hong Kong presents a useful proving offshore market, said the experts.| www.eastisread.com
CASS economist advocates steadfast internationalisation of the renminbi while utilising Hong Kong’s offshore market to develop renminbi stablecoins.| www.eastisread.com
The Markets in Crypto-Assets Regulation (MiCA) institutes uniform EU market rules for crypto-assets. The regulation covers crypto-assets that are not currently regulated by existing financial services legislation. Key provisions for those issuing and trading crypto-assets (including asset-reference tokens and e-money tokens) cover transparency, disclosure, authorisation and supervision of transactions.| www.esma.europa.eu
