Foreign media: For a long time, China has had relatively strict controls on capital flows, and digital currencies pose a challenge because they can enable instant cross-border transfers without going through traditional banking systems. At the same time, China is one of the most digitally advanced countries in the world, with the vast majority of payments being made through regulated applications.
Currently, stablecoins are becoming increasingly popular globally. They are digital currencies that are pegged to the value of traditional currencies. Supporters believe that they may one day replace credit cards and bank accounts.
Therefore, China's attitude toward digital currencies has become more complex: it needs to prevent risks related to capital flows while also addressing international competition and technological trends.
Original article: www.toutiao.com/article/1842503294588055/
Statement: This article represents the views of the author himself.