{"id":131596,"date":"2025-06-23T11:05:38","date_gmt":"2025-06-23T11:05:38","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=131596"},"modified":"2025-06-23T11:05:38","modified_gmt":"2025-06-23T11:05:38","slug":"beijing-could-use-hong-kong-to-test-yuan-linked-stablecoins-morgan-stanley","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=131596","title":{"rendered":"Beijing could use Hong Kong to test yuan-linked stablecoins: Morgan Stanley"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina\u2019s central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing\u2019s digital currency ambitions face hurdles because of the country\u2019s economic challenges, according to Morgan Stanley.<br \/>\nHong Kong has established the world\u2019s first regulatory regime for stablecoins \u2013 digital tokens that are pegged to a reference asset like a fiat currency \u2013 with the law taking effect from August 1.<br \/>\nThe move positioned Hong Kong as a launch pad for&#8230;<a href=\"https:\/\/www.scmp.com\/business\/cryptocurrency\/article\/3315514\/beijing-could-use-hong-kong-test-bed-yuan-linked-stablecoins-morgan-stanley?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina\u2019s central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing\u2019s digital currency ambitions&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131596"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131596"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131596\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131596"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}