China's financial regulators reportedly told firms to stop stablecoin research & workshops, citing fraud concerns. Bloomberg News reports the guidance came in late July/early August. #stablecoins #china #crypto #blockchain #news

China Renaissance founder Bao Fan has reappeared after being detained since Feb 2023. The firm plans to expand its Hong Kong licenses for digital assets & increase Web3/RWA investment. #China #Web3 #Finance #crypto #blockchain #news