Why Is China Blocking Stablecoin Promotion Despite High Market Demand?

robot
Abstract generation in progress

Story Highlights* China orders brokers and think tanks to stop promoting stablecoins, citing fraud and speculation risks.

  • Despite the ban, OTC crypto trading in China hit $75B in the first nine months of 2024.
  • Hong Kong moves ahead with strict new stablecoin rules, aiming to become a digital asset hub.
WHY11.56%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)