CoinVoice has recently learned from Caixin that due to the development of quantum computing, the security issues of blockchain technology for cryptocurrencies like Bitcoin have escalated again.

Caixin has learned from various policy officials in Mainland China that since the end of June, relevant parties have held multiple meetings to discuss the development trends and response strategies for stablecoins and cryptocurrencies, indicating that research should continue, but the hype around stablecoins in public opinion should be toned down. Regulators are also closely monitoring the trends in the development of stablecoins and related technologies, and remain cautious about the issuance of RMB stablecoins.[Original link]