Former Vice President of the Bank of China, Wang Yongli, wrote that China needs a clearer understanding and more forward-thinking measures. The focus shouldn't be on developing RMB stablecoins (a space that's already quite limited), but rather on achieving a leapfrog advantage by accelerating comprehensive crypto asset legislation, encouraging banks and other financial institutions to adopt blockchain, actively promoting RWA development, attracting crypto exchanges to register domestically or in Hong Kong, and speeding up the on-chain operation of the RMB. Special attention should be paid to preventing the U.S. from fully supporting the crypto industry through legislation while weakening necessary regulations. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=48674