China threatened by US stablecoins, G7 urged to tackle Lazarus Group: Asia Express

Thailand sees 44% fall in Chinese tourists after crypto scam backlash, Japan to urge G7 to tackle North Korean crypto hackers. Asia Express.

Chinese academics are warning that the growth of stablecoins is a rising threat to China’s monetary sovereignty by enshrining the global dominance of the US dollar.

A commentary in China Economic Times argues that the rise of crypto comes with implications for sovereign credit systems, global governance models and the future of money.

China Economic Times is a daily newspaper sponsored by the Development Research Center of the State Council, one of the countrys highest-ranking policy research bodies. Government officials are part of the paper’s main reader base, and commentaries published by the paper often aim to influence or advise on economic strategy.

Read more