INSUBCONTINENT EXCLUSIVE:
Beijing must be proactive in “adapting to the trend of stablecoins”, and waiting is not an option as the US has a head start, warns an
article on Monday in state media that simultaneously calls for leadership to consider legislation regulating stablecoins while hyping up
their potential role in making the yuan a more global currency.
Securities Times, a publication under party mouthpiece People’s Daily,
said experts and industry insiders “generally believe that, as an emerging payment tool, the...
