<《Bloomberg》> cites reports stating that Chinese financial regulatory authorities have asked domestic financial institutions and think tanks to reduce the publication of research reports on stablecoins or hold meetings related to stablecoins, aiming to curb the increasing speculative activities around such assets. According to informed sources, some brokers and think tanks received guidance from financial regulators between late July and early August, requiring them to cancel related seminars and stop publishing research reports on stablecoins. Regulators are concerned that stablecoins could become a new tool for criminals to carry out fraud activities in mainland China. The report also mentions that although China has imposed a ban on cryptocurrencies, over-the-counter trading of digital assets remains active. According to Chainalysis Inc., the scale of such transactions reached $75 billion in the first nine months of 2024, indicating the existence of numerous channels for such transactions.