{"id":478755,"date":"2024-02-07T09:39:15","date_gmt":"2024-02-07T09:39:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=478755"},"modified":"2024-02-07T18:39:57","modified_gmt":"2024-02-07T18:39:57","slug":"hong-kong-general-chamber-of-commerce-urges-government-to-consider-yuan-linked-stablecoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hong-kong-general-chamber-of-commerce-urges-government-to-consider-yuan-linked-stablecoin","title":{"rendered":"Hong Kong General Chamber Of Commerce Urges Government To Consider Yuan-Linked Stablecoin"},"content":{"rendered":"

The <\/span>Hong Kong <\/span><\/a>General Chamber of Commerce (HGCC) submitted proposals for the city’s upcoming budget, asking policymakers to allow the issuance of a stablecoin in China’s yuan.<\/span><\/p>\n

It said in a Feb. 6 statement<\/a> that the stablecoin could be be backed by the yuan or a basket of various fiat currencies, including the yuan, Hong Kong dollar and USD stablecoins.<\/span><\/p>\n

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Hong Kong chamber of commerce calls for yuan stablecoin issuance in budget suggestions pic.twitter.com\/j53XZJbqU9<\/a><\/p>\n

— TCM Crypto Club (@tcmcryptonews) February 7, 2024<\/a><\/p><\/blockquote>\n