Web3 Firms Face a New Reality in Asia
Crypto-Detective
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The suspension of stablecoin pilots in Hong Kong signals a hard truth: innovation in China is only tolerated when it serves national strategy. For Web3 companies, access to mainland markets now demands alignment with the e-CNY framework, where decentralization ideals clash with state control.
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Regulatory diversity across Asia is forcing Web3 projects to adapt or risk exclusion.