Bitcoin News

Story: China Reconsiders Crypto Ban as Officials Discuss Stablecoins Amid Bitcoin’s $118K Surge

By Sakamoto Nashi

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Key Meeting Hints at Policy Shift. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC), a powerful…

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Why Stablecoins Are Now on China’s Radar. Stablecoins like Tether (USDT) and USD Coin (USDC) have grown in importance across global finance,…

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Context: China’s History with Crypto. China has a complicated relationship with cryptocurrency.

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Global Trends: China Watches the World. China’s potential reconsideration of crypto policy comes as several other nations embrace crypto…

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What This Means for the Global Crypto Market. A regulatory shift in China—especially toward accepting stablecoins under strict oversight—would…

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Looking Ahead: Possibilities and Caution. While optimism is growing, experts warn that it’s still early.

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China may be shifting its long-standing crypto stance, as regulators held a significant meeting on July 10, 2025, to discuss the growing impact of stablecoins and digital assets.

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The Shanghai State-owned Assets Supervision and Administration Commission (SASAC), a powerful regulator overseeing China’s state-owned enterprises, convened a meeting with 60 to…

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The timing of the discussion—coinciding with Bitcoin’s surge—raises speculation about a potential pivot in policy.

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Stablecoins like Tether (USDT) and USD Coin (USDC) have grown in importance across global finance, especially for cross-border transactions.

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China’s interest in stablecoins may stem from their potential to enhance cross-border trade, streamline financial flows, and offer more efficient payment…

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China has a complicated relationship with cryptocurrency. It was once a global leader in Bitcoin mining and crypto innovation.

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Since then, China has focused on developing its central bank digital currency (CBDC), the digital yuan (e-CNY), which is being gradually tested and rolled out in select cities.

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The latest meeting could signal a move toward a more flexible regulatory approach—one that recognizes the strategic role of stablecoins in global finance, even if within a…

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In the United States, institutional interest continues to grow. By July 2025, over $14.4 billion had flowed into Bitcoin ETFs, further legitimizing digital assets as part of…

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