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📆 In July and August of this year, Chinese financial regulators called on leading brokerage firms and think tanks to stop promoting stablecoins and cancel seminars on the sacred stablecoins, Bloomberg writes. According to Bloomberg journalists, the regulators' activity increased after the Chairman of the People's Bank of China Pan Gongsheng said in June that stablecoins could change international finance, especially against the backdrop of geopolitical tensions and the vulnerability of traditional payment systems. 📊 According to the data received, the authorities are also concerned about the possible use of stablecoins for fraudulent schemes in mainland China. 🧑🏻🏫 Christopher Wong, a currency strategist at Oversea-Chinese Banking Corp., noted that Chinese politicians are trying to contain excessive excitement around certain topics in order to prevent a massive influx of investors into risky assets. ❗Bloomberg added that although the country has a complete ban on crypto transactions, recent official statements have given rise to speculation that Beijing may partially soften the policy. In particular, the authorities support the development of Hong Kong as a digital asset hub, and in August, rules for stablecoin issuers came into force there, the statement said. #ChinaCrypto $BTC
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🚀 According to the forecasts of experienced traders, the XRP cryptocurrency could grow to $26.97 by 2030. Most of the forecasts are based on the fact that the digital asset has regained strong bullish momentum after several years of regulatory pressure. And Ripple's multi-year legal battle with the US Securities and Exchange Commission (SEC) has not yet been resolved. 🧑🏻🏫 Some experts believe that the altcoin's price will rise to $6 by the end of 2025 if large financial institutions begin to use XRP to provide liquidity. 🧑🏼💼 In addition, the Donald Trump administration recently included the altcoin in the list of cryptocurrencies that the US government plans to keep in the strategic reserve. These factors triggered the growth of the XRP rate, as a result of which the cryptocurrency rose above the $3.60 mark for the first time. Currently, the price of XRP is $2.76. 🤔 Crypto analysts have identified other reasons that could trigger further growth of the altcoin. Most experts base their forecasts on the potential of the underlying XRP Ledger (XRPL) blockchain, which is known for its high throughput and low fees. 🧑💻 Traders also expect other financial institutions to join Santander, SBI Holdings, and Bank of America, which use Ripple's payment solutions. This will certainly increase demand for XRP and strengthen its position in the crypto market, which is currently gaining momentum. ❓Are you already trading or holding xrp? Sign up , get 💲100 and follow the growth! #xrp $XRP
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