China's Central Bank Clarifies Stablecoin Status: Virtual Currency Under Stricter Supervision
China's Central Bank Clarifies Stablecoin Status: Virtual Currency Under Stricter Supervision
🏛️ China draws stablecoin lines
China's central bank has officially classified stablecoins as virtual currency - neither banned goods nor legal tender. This regulatory clarification creates a middle ground for digital assets in the world's second-largest economy.
Key developments:
- Stablecoins receive virtual currency designation
- Commercial and settlement activities face increased supervision
- Market participants must navigate stricter oversight requirements
The regulatory framework establishes clear boundaries while avoiding an outright ban. Chinese officials emphasized that virtual currencies lack the legal status of fiat money during recent inter-agency meetings.
Market impact appears measured as participants adjust to the new supervisory environment. The classification provides regulatory clarity while maintaining government control over digital asset activities.
This measured approach reflects China's ongoing effort to balance innovation with financial stability concerns.
China’s central bank labels #stablecoins as virtual currency, not banned goods, but also not anything resembling legal tender. 💡🚫 Commercial and settlement activity around them moves under stricter supervision. A quiet boundary drawn, and the market feels it. 🔍📉
🇭🇰 Hong Kong to Issue First Stablecoin Licenses in March
**Hong Kong's stablecoin licensing regime is moving forward with its first approvals expected in March 2026.** The Hong Kong Monetary Authority (HKMA) has received 36 applications for stablecoin licenses, according to CEO Eddie Yue. This represents a significant reduction from the 77 institutions that had expressed interest as of September 2025. **Key details:** - First batch of approvals planned for March 2026 - Approval process will be strict and selective - Regulators are conducting thorough reviews of use cases, risk management frameworks, and reserve asset structures - Previous applicants included major banks like HSBC, ICBC (Asia), Bank of China (HK), and Standard Chartered The regulatory approach signals Hong Kong's cautious but progressive stance on stablecoin regulation, balancing innovation with financial stability concerns. The limited number of initial licenses suggests authorities are prioritizing quality over quantity in establishing the market.
🔗 BNB (ERC20) Now Available on BRIDGERS Cross-Chain Platform
BRIDGERS has added support for BNB (ERC20), enabling users to move the token across different blockchains. **Key Features:** - Non-custodial execution through smart contracts - Aggregated liquidity for routing - User-authorized transactions This addition follows recent integrations of USDC.E (POL), MANYU, and HYPE tokens. BRIDGERS now supports over 400 cryptocurrencies for cross-chain transfers. The platform allows users to find efficient routes for moving assets between chains while maintaining control of their funds through smart contract-based execution. [Access BRIDGERS](http://dapp.bridgers.xyz)
Worldcoin Adds Cross-Chain Support via Bridgers
**Worldcoin ($WLD) is now supported on Bridgers**, a cross-chain bridge platform that enables token transfers between different blockchains. **Key details:** - $WLD can now move across multiple chains through Bridgers' routing system - The integration aims to improve accessibility for users globally - Bridgers automatically optimizes transfer routes in the background - The service is non-custodial, meaning users maintain control of their assets Bridgers previously added support for $WLD on both ERC20 and World Chain networks. The platform handles the technical routing while users authorize transactions. [Access Bridgers](http://dapp.bridgers.xyz)
White House Crypto Summit to Address Stablecoin Interest Returns
The White House will host a crypto summit next Monday, bringing together top banking and crypto executives to advance crypto legislation. **Key Focus:** - Whether crypto firms can offer interest and other returns on stablecoins held for clients - Discussion aims to push forward stalled Senate crypto bill The meeting represents a significant step in establishing regulatory clarity for the crypto industry, particularly around stablecoin yield products.
SWFT Blockchain Launches AI-Powered Technical Analysis Tool
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