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Who is using digital renminbi?
PANews
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Wang Yongli, former deputy governor of Bank of China: Why does China firmly call for a stop to stablecoins?
Written by: Wang Yongli, former deputy governor of Bank of China
China is accelerating the development of the digital renminbi, and its policy orientation to firmly curb virtual currencies, including stablecoins, has become completely clear. This is due to a comprehensive consideration of various factors, including China's leading advantages in mobile payments and digital renminbi, the sovereignty security of the renminbi, and the stability of the monetary and financial system.
Since May 2025, the United States and Hong Kong have been competing to promote stablecoin legislation, leading to a surge in global legislation on stablecoins and crypto assets (also known as 'cryptocurrencies' or 'virtual currencies'). A large number of institutions and capital are flocking to issue stablecoins and invest in crypto assets, which has sparked heated discussions on whether China should fully promote stablecoin legislation and the development of the renminbi stablecoin (including offshore). Additionally, after U.S. legislation prohibited the Federal Reserve from issuing a digital dollar, the question of whether China should continue to advance the digital renminbi has also become a hot topic of debate.
China is accelerating the development of the digital renminbi, and its policy orientation to firmly curb virtual currencies, including stablecoins, has become completely clear. This is due to a comprehensive consideration of various factors, including China's leading advantages in mobile payments and digital renminbi, the sovereignty security of the renminbi, and the stability of the monetary and financial system.
Since May 2025, the United States and Hong Kong have been competing to promote stablecoin legislation, leading to a surge in global legislation on stablecoins and crypto assets (also known as 'cryptocurrencies' or 'virtual currencies'). A large number of institutions and capital are flocking to issue stablecoins and invest in crypto assets, which has sparked heated discussions on whether China should fully promote stablecoin legislation and the development of the renminbi stablecoin (including offshore). Additionally, after U.S. legislation prohibited the Federal Reserve from issuing a digital dollar, the question of whether China should continue to advance the digital renminbi has also become a hot topic of debate.
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Alpha only buys, not sells
Starting now, Binance #alpha Alpha project is leading the airdrop, only buy, not sell, let's see if we can encounter a hundredfold coin; encountering one will make a profit.
Recently, myx surged by 300 times, which is an example, and there was another coin whose name I forgot.
In terms of investment cost, there is only a monthly cost of 100u for brushing alpha.
Persist in investing in Bitcoin $BTC and $BNB , especially with the halving coming in 28 years, bnb deductions save 25% on transaction fees, let's look at long-term returns.
Starting now, Binance #alpha Alpha project is leading the airdrop, only buy, not sell, let's see if we can encounter a hundredfold coin; encountering one will make a profit.
Recently, myx surged by 300 times, which is an example, and there was another coin whose name I forgot.
In terms of investment cost, there is only a monthly cost of 100u for brushing alpha.
Persist in investing in Bitcoin $BTC and $BNB , especially with the halving coming in 28 years, bnb deductions save 25% on transaction fees, let's look at long-term returns.
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The story of the 480,000 brother
In 2014, an elder brother claimed on a forum that he misappropriated 480,000 for buying a house, with a cost of ￥4800 per coin, and went all in to buy 100 bitcoins.
After enduring for more than two years, during which the market fluctuated continuously, the brother also bore tremendous pressure, and ultimately, before the bull market in 2016 arrived, he sold off his holdings at a loss of 180,000.
If these 100 coins were obtained now, based on today's price of $103543, it would be 77 million RMB……
Lesson:
1. Do not invest money you cannot afford to lose.
2. Be cautious when going all in; it can make you foolish. Once the market drops, you may be trapped. Most inexperienced investors do not cut losses when the market drops and do not take profits when it rises. Only when the decline becomes unbearable do they sell at a loss.
After enduring for more than two years, during which the market fluctuated continuously, the brother also bore tremendous pressure, and ultimately, before the bull market in 2016 arrived, he sold off his holdings at a loss of 180,000.
If these 100 coins were obtained now, based on today's price of $103543, it would be 77 million RMB……
Lesson:
1. Do not invest money you cannot afford to lose.
2. Be cautious when going all in; it can make you foolish. Once the market drops, you may be trapped. Most inexperienced investors do not cut losses when the market drops and do not take profits when it rises. Only when the decline becomes unbearable do they sell at a loss.
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The profit logic of regular investment in BTC
Regular investment vs. all-in bets — the real tortoise and hare race in the crypto world.
First, #定投 What is it? Regular investment. If you currently have 10WU, there are generally two investment methods: A. all-in bet #btc , B. dividing the money into 100 parts, buying 1000U every day is regular investment.
Second, the benefits of regular investment.
1. Slowly and regularly buy in, with very little psychological pressure, and even hope for a drop in coin prices (to pick up cheap chips). If it is an all-in bet, the cost is fixed, and a drop leads to being trapped, facing the dilemma of cutting losses or holding on.
2. Little financial pressure, gradually entering through regular investment, with minimal capital occupation, allowing most idle funds to be invested for appreciation.
First, #定投 What is it? Regular investment. If you currently have 10WU, there are generally two investment methods: A. all-in bet #btc , B. dividing the money into 100 parts, buying 1000U every day is regular investment.
Second, the benefits of regular investment.
1. Slowly and regularly buy in, with very little psychological pressure, and even hope for a drop in coin prices (to pick up cheap chips). If it is an all-in bet, the cost is fixed, and a drop leads to being trapped, facing the dilemma of cutting losses or holding on.
2. Little financial pressure, gradually entering through regular investment, with minimal capital occupation, allowing most idle funds to be invested for appreciation.
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