Cryptopolitan 2025-08-08 20:10:45

China has ordered top brokerages to stop publishing content related to stablecoins

Chinese regulators have instructed major domestic brokerages to halt the publication of research and public commentary related to stablecoins. The move comes as China sees a rising wave of domestic interest in stable digital assets, which is reportedly causing concern among mainland authorities who remain opposed to most cryptocurrency activity. Sources with knowledge of the situation said that regulatory bodies began quietly guiding major financial firms in late July and early August to step back from content or events that might endorse stablecoins or drive further curiosity. Some influential think tanks were also reportedly asked to cancel seminars or planned events related to stablecoins. This coordinated pressure appears to be part of Beijing’s broader attempt to suppress the growing narrative around dollar-pegged crypto assets, which have become an increasingly popular way for Chinese investors to gain exposure to digital finance through cross-border channels. Mainland China crackdown contrasts with Hong Kong crypto progress In May, Hong Kong approved a stablecoin regulation framework that effectively opened the door for licensed entities to issue fiat-backed stablecoins and provide related services under supervision. Since then, financial firms in mainland China have seen a spike in client interest, particularly in how stablecoins might offer alternatives to traditional fiat assets. That interest appears to have alarmed regulators in Beijing, who remain cautious about any financial instrument not controlled by the state, especially those tied to foreign currencies like the U.S. dollar. Although the Chinese government has largely embraced blockchain infrastructure as a technological innovation, it has kept a firm ban on most decentralized cryptocurrencies since 2021, with the exception of select blockchain pilots under state supervision. Officials have occasionally acknowledged the challenges posed by stablecoins. In June, PBOC Governor Pan Gongsheng publicly remarked that the rise of stablecoins and other digital currencies posed “huge challenges to financial regulation.” Behind the scenes, local governments are also assessing the implications, per reports . Last month, regulators in Shanghai reportedly held a strategy meeting with local officials to evaluate stablecoin-related risks and responses. However, a post on the Shanghai State-owned Assets Supervision and Administration Commission’s official WeChat page summarizing the meeting was later deleted, suggesting central authorities may be clamping down on even high-level public discourse around the topic. Information control amid rising demand Despite mainland bans, stablecoins remain widely used by Chinese investors, particularly via offshore platforms or through over-the-counter (OTC) intermediaries. The crackdown on brokerages appears aimed at cutting off institutional endorsement that could validate or accelerate public adoption of these assets. While Hong Kong continues to position itself as a regulated crypto hub for Asia, China’s approach underscores its attempt to firewall domestic financial behavior from external crypto-related influence. This latest move raises questions about the long-term prospects for digital asset education and engagement in mainland China, even as the global conversation around stablecoins becomes increasingly mainstream. By contrast, China’s actions suggest it views such assets not just as financial tools, but as a potential sovereignty issue, especially in a monetary environment where capital control remains a key pillar of economic strategy. The smartest crypto minds already read our newsletter. Want in? Join them .

La maggior parte ha letto le notizie

Chainlink Heats Up: 53 Million LINK Scooped U...
2025-10-23
BNB, World Liberty, Meme Coins Jump After Tru...
2025-10-23
OpenAI’s ChatGPT Atlas Browser Faces Potentia...
2025-10-23
OpenAI's ChatGPT Atlas Browser Has a Big Prob...
2025-10-23
Google Faces Potential $2.36 Billion Disgorge...
2025-10-23
CZ Reveals Real Reason Tokenized Gold Has Not...
2025-10-23
Coinbase CEO Optimistic on Crypto Legislation...
2025-10-23
Fidelity, Which Manages Billions of Dollars,...
2025-10-23

Notizie correlate

US Considers Quantum Investments to Counter China...
23 Oct 2025
US eyes quantum computing investments amid rising...
23 Oct 2025
BNB and Trump-Linked Tokens Gain After CZ’s Report...
23 Oct 2025
Intel Beats Q3 Revenue Forecast Amid PC Demand Rec...
23 Oct 2025
Schiff Doubles Down on Bitcoin Criticism, Pushes T...
23 Oct 2025
Ethereum ETF Buzz Builds Across Asia — SOL and LIN...
23 Oct 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta