The post Why Is China Blocking Stablecoin Promotion Despite High Market Demand? appeared first on Coinpedia Fintech News
China has told brokers, think tanks, and financial institutions to stop promoting stablecoins – no research reports, no seminars, no hype. The orders, issued in late July and early August, are aimed at cooling the growing interest in the sector. Regulators are worried that stablecoins could be used for fraud in mainland China, and that …