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China Signals Softer Stance on Stablecoins Amid Shanghai Talks

  • Mainland China is showing signs of softening its stance on stablecoins, as indicated by recent discussions in Shanghai.
  • Shanghai SASAC is calling for more research on digital currencies, signaling a potential shift in China's crypto policy.
  • Ant Group and JD.com are reportedly pushing for yuan stablecoins to rival popular dollar-based stablecoins.
  • Experts suggest trialing yuan stablecoins in Shanghai and Hong Kong to gather data and potentially navigate regulatory challenges.

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