<ul data-eligibleForWebStory="false"><li>China is showing renewed interest in digital currencies, particularly stablecoins, despite the country's crypto ban.</li><li>Shanghai regulators and Chinese tech giants like JD.com and Ant Group are advocating for yuan-based stablecoins to counter US dollar dominance in digital finance.</li><li>Interest in digital currencies is surging in China and Hong Kong, with stablecoin-related stock indexes rising over 88% in the span of three months.</li><li>While the rise of stablecoins presents opportunities, warning signs have emerged, including regulatory challenges and concerns about scams and financial crimes.</li></ul>

China Crypto Regulation Sees Growing Push for Yuan-Based Stablecoin

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