📰 China Crypto & Blockchain Update – July 2025 🇨🇳

🚀 1. Yuan-Pegged Stablecoin in the Works?

Chinese tech giants JD.com and Ant Group are lobbying to launch offshore yuan stablecoins via Hong Kong, ahead of the city’s new digital asset licensing laws starting August 1. A historic move if approved.

💰 2. World’s First RMB Tokenized Fund Launches

On July 17, ChinaAMC (HK) launched the first-ever renminbi-denominated tokenized money market fund. It follows the trend of tokenized U.S. and HK dollar funds—driving digital finance innovation under compliance.

⛏️ 3. Crackdown on Crypto Mining Resumes

New enforcement actions this month have targeted illegal Bitcoin mining operations, sending minor shockwaves through local markets and miners across Southeast Asia.

📊 4. Shanghai Regulator Signals Flexibility

A closed-door policy meeting in mid-July focused on stablecoins and digital finance. Insiders say the discussion reflected a more “pragmatic tone” toward regulated blockchain solutions.

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🔎 What It Means:

While crypto remains banned in mainland China, Hong Kong is emerging as a testbed for yuan-backed stablecoins and compliant tokenized assets. Beijing appears to be drawing a line between “speculative crypto” vs. “controlled innovation.”

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