The Shanghai court has exposed an illegal stablecoin network involving $6.5 billion, revealing China's latest efforts to combat the illegal circulation of cryptocurrencies and money laundering. As stablecoins are widely used globally, regulatory compliance issues have become increasingly prominent. China's strong law enforcement actions may influence compliance standards and development paths in the global stablecoin industry.
💬 How do you think future innovation in stablecoins can maintain a balance with compliance? Could China's case become a model for international regulation?
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Event time: July 21, 2025, 14:00 to July 22, 2025, 14:00 (UTC+8)