China Softening On Crypto? Shanghai Hosts Rare Digital Currency Policy Meeting
In a rare move, a Shanghai regulator just held a meeting on stablecoins and digital currencies. Is China warming up to crypto?
Shanghai Regulator Discussed Crypto In A Meeting
Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting on Thursday with local government officials to discuss stablecoin and digital currency policy, as reported by Reuters.
The meeting, which involved around 60-70 attendees, could hint at a change in China’s stance, as crypto has been banned in the country since 2021. According to the report, the regulator’s director told the meeting about the need to have “greater sensitivity to emerging technologies and enhanced research into digital currencies.”
SASAC has called…
