TechFlow reports that on January 16, Caixin published a signed article by economist Zhang Ming titled "Addressing the Challenges of Cryptocurrencies: What Measures Can China Take?" The article points out that as the world's second-largest economy and an emerging digital finance power, China has a responsibility to play a more active role in global digital currency governance. It should start domestically by improving its own response systems—accelerating the development and adoption of the digital RMB, promoting smarter and more precise cryptocurrency regulation, swiftly advancing the formulation and implementation of unified international regulatory standards (such as anti-crypto money laundering rules), and reevaluating the balance between innovation and regulation in the cryptocurrency space, promoting the integration of stablecoins with the traditional financial system within controllable boundaries.
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