🚨 JUST IN: 🇨🇳 CHINA MOVES AGAINST OFFSHORE YUAN STABLECOINS
China has banned unapproved overseas issuance of yuan-denominated stablecoins, tightening control over the digital use of its currency.$WLD
📌 Why it matters:
• Reinforces Beijing’s grip on capital controls
• Signals resistance to offshore yuan financialization
• Pushes digital yuan efforts back under state control
🧠 While others experiment with private stablecoins, China is drawing a hard line:
the yuan stays sovereign — onshore and supervised.
⚠️ Another reminder that crypto policy is increasingly geopolitical, not just financial.
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