ChineseThe harsh crypto currency ban of the money can soften. To the news of Reuters according to The Commission of Supervision and Management of State Assets of the State Council (SASAC) came together with dozens of officials in Shanghai. crypto currencyLara, especially Stablecoins. In an environment where prohibitions continued, the fact that the regulators are open to more sensitive technology was accepted as a sign of tone change. 729 billion dollars of gross domestic product is considered the financial center of the country ShanghaiBeijing is a Megaşehir where Beijing frequently chooses a pilot region in financial reforms.
Unexpected crypto currency opening in Shanghai
SASACThe remarkable side of the meeting was to take place in Shanghai, which was frequently chosen as a pilot region in decision -making processes. With its huge economy of $ 729 billion, Megakent serves as a laboratory in areas where Beijing prioritizes financial innovations. Therefore, any regulatory frame to be prepared for crypto currencies can be applied first in Shanghai and the results obtained may form a wide range of models ranging from the stretching of the bans. Even the smallest step for a banned market has the potential to directly influence both the perception of investor and the international capital flow.
As it is known, China, in 2021, banned crypto currency mining and crypto currency exchanges and missed the majority of the capital in the market abroad. Since then, domestic investors have turned to alternatives, but technology companies Blockchain He continued to develop infrastructure.
The softening signal in SASAC’s approach reflects the search for innovation without leaving the supervision. Although financial privacy, electricity usage and capital outlet concerns are on the table, decision -makers seem to not want to miss the global trend.
Global competition pressure
On the other hand, e-commerce giant JD.com and Jack MA supported Ant Group, The Chinese Yuan is carrying out intensive lobbying to get the confirmation of stablecoins from the Chinese Central Bank. Both companies have the leading position in digital payments and the local market has the infrastructure that can be scaled within seconds. This demand creates a concrete arrangement pressure on the state layer because the domestic market has a direct equivalent in tax, compliance and employment dimensions.
The fact that Washington is spending intensive overtime for crypto currencies increases the oppression of competition on Beijing. US senator Cynthia lummisThe analogy of the “armament race ğı expressed by Chinese policy makers mirror the long -term technology superiority plans. If Beijing relaxes its current attitude, it is possible to re -flow into the country and have a say in innovative financial products. Otherwise, global capital will continue to build technological centers in other geographies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
