China Tells Brokers To Stop Touting Stablecoins To Cool Frenzy (bloomberg.com)
(Friday August 08, 2025 @05:22PM (msmash)
from the how-about-that dept.)
- Reference: 0178616484
- News link: https://news.slashdot.org/story/25/08/08/1817200/china-tells-brokers-to-stop-touting-stablecoins-to-cool-frenzy
- Source link: https://www.bloomberg.com/news/articles/2025-08-08/china-tells-brokers-to-stop-touting-stablecoins-to-cool-frenzy
An anonymous reader shares a report:
> China told local brokers and other bodies to [1]stop publishing research or hold seminars to promote stablecoins
>
> Regulators are also concerned that stablecoins could be exploited as a new tool for fraudulent activities in mainland China, said the people, who asked not to be identified because the details are private.
[1] https://www.bloomberg.com/news/articles/2025-08-08/china-tells-brokers-to-stop-touting-stablecoins-to-cool-frenzy
[2] https://finance.yahoo.com/news/china-tells-brokers-stop-endorsing-102038104.html
> China told local brokers and other bodies to [1]stop publishing research or hold seminars to promote stablecoins
[2]non-paywalled source
, seeking to rein in the asset class to avoid instability. Some leading brokerages and think tanks in late July and earlier this month received guidance from financial regulators, urging them to cancel seminars and halt disseminating research on stablecoins, people familiar with the matter said.>
> Regulators are also concerned that stablecoins could be exploited as a new tool for fraudulent activities in mainland China, said the people, who asked not to be identified because the details are private.
[1] https://www.bloomberg.com/news/articles/2025-08-08/china-tells-brokers-to-stop-touting-stablecoins-to-cool-frenzy
[2] https://finance.yahoo.com/news/china-tells-brokers-stop-endorsing-102038104.html
I'm going to sell you- (Score:2)
"$1, for the price of, Just One Dollar!" - Crowd goes crazy, begins frothing at the mouth
Re: (Score:2)
minus handling fees and other minor charges