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MarsBit News
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Wang Yongli: Why has China resolutely halted stablecoins?
Since May 2025, the United States and Hong Kong have been competing to advance stablecoin legislation, leading to a surge in global stablecoin and cryptocurrency (also known as 'digital currency' or 'virtual currency') legislation. Many institutions and capital are eager to issue stablecoins and invest in cryptocurrencies, which has sparked heated discussions in China about whether to fully promote stablecoin legislation and the development of the renminbi stablecoin (including offshore variants). After the U.S. legislation prohibited the Federal Reserve from issuing a digital dollar, the debate over whether China should continue to advance the digital renminbi has also become a hot topic.
For China, this involves the direction and path selection of national currency development. With the global spread of dollar stablecoins, increasingly sharp and complex international relations, and intensified international currency competition, the impact on how to innovate and develop the renminbi while maintaining national security, and achieving the strategic goal of a strong currency and financial powerhouse is significant and far-reaching. It is essential to analyze calmly and make precise decisions early, avoiding indifference or indecision, and also not blindly following trends to commit fundamental directional errors.
December will not be easy Next up is Christmas in the US Chinese New Year Take a good rest, the days of harvesting韭菜 Institutions are coming out to clean things up Spend more time with family, don't just stay on the exchange
Kill more, it's too tragic!! If it rises or falls, that's fine, but those that haven't risen have also fallen. Taking advantage of the weak market liquidity, The bears keep pushing down, eliminating the roots. $ETH
In the short term, there will be no rebound! The lack of liquidity can only reduce trading and take more rest, if the position is heavy, lighten it a bit! Try to stay within a relatively comfortable position area, then wait, if urgent, you will perish $ETH $CAKE
Leeks die in the turbulence, as if they were never here, in the next rise, continuing to chase high prices will only see KOLs desperately shouting orders 🤓 dying in volatility, yet ignoring long-term value $UNI $TRUMP
How many users with seven or eight years of experience have you seen posting on Binance Square? It's rare, so cherish it while you can! Today bullish, tomorrow bearish, it's all going to zero sooner or later; those who truly have something to offer don't have time to boast back and forth every day!!! $UNI $ZEC
The first time we entered the cryptocurrency world, we were filled with dreams of making millions and billions, frequently trading in the market with the little savings we had in our pockets, and many left the cryptocurrency world after failing for a few months. I entered the cryptocurrency world in 2016, starting with 30,000 yuan, which went to zero in a few months. I entered again in 2017, and it also went to zero. Later, I heard that my friends made tens of millions. In December of the same year, I invested 120,000 yuan, all my possessions, and it went to zero again! In 2020, I entered the market again, investing around 400,000 yuan, taking all the savings of myself and my wife, only to see it go to zero again. The pain lingered in my heart for a long time; I repeatedly told myself I was sorry to my family. (The timeline may be a bit off, I don’t remember it very clearly.) In 2022, I entered the market again, accumulating about 300,000 yuan in investments, with my positions halved in between. In March 2024, I escaped at ETH 4000 points, and in March 2025, I entered the market again at ETH 2000 points, only to see it halved again a week later. After all these years of ups and downs, I understand that only 1-5% of people can survive in the cryptocurrency world. Tears have soaked my clothes. I want to say that I am still on this path. For the post-90s and post-00s generation, the only way to turn things around may be through blockchain. Dying once is not scary, dying ten times is also not scary. I pay tribute to every dreamer in the cryptocurrency world and hope you can say: 'The cryptocurrency world has tormented me a thousand times, yet I treat it like my first love.' This is not just a story; it is my experience in the cryptocurrency world!!!
If you want to earn money that stays, you must stay away from those teachers who focus on the 15-minute charts. You should learn to habitually look at weekly and monthly charts, and only occasionally check the daily charts. To put it bluntly, these 15-minute chart teachers may not even have $100,000 $BNB $BTC