🇨🇳 China Bans Stablecoin Seminars and Research Amid Fraud Fears

[cryptoenthusiast]

China is stepping up its crypto crackdown — this time, targeting stablecoin education and promotion.

On Friday, Chinese regulators reportedly ordered local firms to stop holding seminars or publishing research on stablecoins, citing risks of fraud, speculation, and herd behavior, according to Bloomberg.

“Policymakers don’t want retail investors jumping into something they don’t understand,” said OCBC strategist Christopher Wong.
The bigger picture:

China’s move is part of broader financial tightening:

Banks are now required to flag crypto-linked cross-border and underground trades

Regulators are watching for gambling, illicit flows, and unmonitored speculation

But here's the twist…

Hong Kong remains China’s Web3 sandbox:

Standard Chartered + Animoca Brands just announced plans to launch a Hong Kong-dollar stablecoin

JD.com & Ant Group are quietly moving forward with HK-based stablecoin projects

Offshore yuan-based stablecoins like AxCNH and those built on Conflux are being rolled out for Belt and Road nations, not for domestic use

What’s really happening?

China is suppressing domestic stablecoin adoption while strategically enabling their global expansion.
Think: strict at home, experimental abroad.

Why it matters:
Beijing wants control — not chaos. But its dual approach hints at a larger ambition: to shape the future of digital finance on its own terms, beyond its borders.

#China #Stablecoins #CryptoRegulation #Web3 #HongKong #DigitalYuan #BlockchainNews #Crypto