China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter

China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners. Now, a Communist Party (CCP) representative wants to push the ball further, calling for a stablecoin backed by East Asian economic giants. 

Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Source: BTC Manager