Plans to launch a Hong Kong stablecoin have hit a wall after Beijing intervened, with the People’s Bank of China warning local officials about the risks of private stablecoin issuance. Behind closed doors, priorities shifted.
3d ago•
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Plans to launch a Hong Kong stablecoin have hit a wall after Beijing intervened, with the People’s Bank of China warning local officials about the risks of private stablecoin issuance.
— Cryptopolitan (@CPOfficialtx) Oct 19, 2025
Behind closed doors, priorities shifted.
3d ago•
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