TechFlow news, on December 21, according to a report by Caijing magazine, Zhao Zhongxiu, president of the University of International Business and Economics, and others published an article titled "Global Stablecoin Regulation Taking Shape: Piloting the 'China Solution' in Free Trade Zones," which points out that efforts should be made to explore establishing a stablecoin regulatory framework and suggests piloting stablecoin applications in free trade zones—such as the Qianhai Free Trade Zone in Shenzhen adjacent to Hong Kong Special Administrative Region and Hainan Free Trade Port—including: setting up a "cross-border fintech laboratory," establishing a stablecoin "whitelist" system, launching offshore RMB stablecoin innovation pilots, promoting digital trade and intellectual property financing, and strengthening blockchain infrastructure development. At the same time, strict risk prevention and control mechanisms should also be established, including strict institutional and individual access requirements, transparent reserve audits, and tracking and preventing compliance arbitrage and capital flow risks.
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