Wang Yongli: The rapid development of USD-backed stablecoins offers a profound warning
Former Vice President of the Bank of China argues USD-backed tokens boost U.S. strategic advantage—and pose a challenge for China.| www.pekingnology.com
Former Vice President of the Bank of China argues USD-backed tokens boost U.S. strategic advantage—and pose a challenge for China.| www.pekingnology.com
CASS economist calls for prompt stablecoin legislation and phased rollout of “long-arm jurisdiction” for cryptocurrencies in Web3 finance regulation.| 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
