Their lobbying efforts, if successful, would mark a major shift in the way Beijing views cryptocurrencies, which it banned in 2021, and could reshape China's strategy in promoting international use of the yuan.
Quote
Sources
China's tech giants lobby for offshore yuan stablecoin, sources say
Referenced by
JD.com and Ant Group’s push for yuan-based stablecoins challenges China’s 2021 crypto ban, which was imposed due to financial stability concerns.
Crypto news
Claim