Shanghai State-owned Assets Supervision and Administration Commission Holds Study Session to Discuss the Development of Cryptocurrencies and Stablecoins, and Blockchain Applications

The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) Party Committee held a central group study session on July 10, focusing on the development trends and response strategies of cryptocurrencies and stablecoins. The meeting called for maintaining a keen awareness of emerging technologies and strengthening research and exploration of digital currencies; adhering to the integration of industry and digital technology, and exploring the application of blockchain technology in cross-border trade, supply chain finance, asset digitization, and other fields. [Cailian Press]