Shanghai Studies Strategy on Stablecoins, Cryptocurrencies

Shanghai’s state-owned assets regulator held a study session on Thursday to explore the development of cryptocurrencies and stablecoins, as well as potential policy responses, according to an official statement following the meeting.

• He Qing, director of the Shanghai State-owned Assets Supervision and Administration Commission, urged strengthening research on digital currencies and exploring the application of blockchain technology in areas such as cross-border trade, supply chain finance, asset digitization, and other sectors
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