Former Bank | Crypto

Former Bank of China deputy governor Wang Yongli has warned surging USD-pegged stablecoins, buoyed by new U.S. and Hong Kong rules, have tightened dollar dominance. He has urged quicker e-CNY deployment, a Hong Kong yuan stablecoin and ID integration to keep the yuan competitive. The post Former Bank of China Executive: Rise of Stablecoin Poses Policy Challenge for China appeared first on Cryptonews.