CITIC Securities: The positive policy expectations for stablecoins are beneficial for the upward trend of cryptocurrencies

CITIC Group, which is wholly owned by the State Council of China, holds 50% of the shares in CITIC Securities

CITIC Group was the pioneer of the DXP reform and opening up, which is why the location of the CCTV building was chosen here; it was because CITIC Group had its sights set on this place, so others had to give way.

His statement suggests that the Chinese government has been paying attention to stablecoins for a long time, and the self-initiated stablecoin legislation in Hong Kong on August 1 also indirectly reveals China's stance.