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Ex Bank of China VP China’s Stance to Curb Crypto, Stablecoins Firm

Ex Bank of China VP: China’s Stance

Ex Bank of China VP Wang Yongli argues that China has made a clear policy decision: push forward with expansion of the digital yuan while tightening restrictions on crypto, particularly stablecoins. He frames the approach as one driven by national security, monetary sovereignty, and the need to uphold financial stability.

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