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China has paused tech firms' stablecoin launches amid tightened fintech regulations.
Chinese tech companies have temporarily halted plans to launch stablecoins following intervention by Beijing, according to a report by the Financial Times.
The move reflects growing regulatory scrutiny over digital currency initiatives by major firms, as authorities aim to maintain control over financial systems and prevent potential risks to monetary stability and national security.
The pause underscores Beijing’s cautious approach to private-sector digital currency projects amid broader efforts to strengthen oversight of fintech innovation.
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China ha suspendido los lanzamientos de monedas estables de las empresas tecnológicas en medio de regulaciones más estrictas de fintech.