$BTC China Warms Up to Crypto? Shanghai’s Rare Policy Summit Sparks Market Buzz

According to Reuters, Shanghai State-owned Assets Supervision and Administration Commission (SASAC) met with local government officials on Thursday to discuss stablecoin and digital currency regulation.

China has prohibited bitcoin since 2021, thus the 60-70-person summit may indicate a shift. Report: The regulator's director advised the gathering to have “greater sensitivity to emerging technologies and enhanced research into digital currencies.”