Wang Yongli: China should accelerate the development of RWA to achieve overtaking
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最新报道：According to Bijie.com, former Bank of China Vice President Wang Yongli stated in a statement that China should have a clearer understanding and more proactive measures. The focus should not be on developing RMB stablecoins (where the scope is quite limited), but on accelerating the legislative process, accelerating the entry of banks, and accelerating the development of RWAs to achieve overtaking. The implementation of legislation for fiat stablecoins and even crypto assets as a whole establishes the legitimacy of fiat stablecoins and crypto assets, which will inevitably drive the participation of banks and other financial institutions, and promote the large-scale on-chain trading of various standardized financial assets in the form of RWAs, driving the accelerated development of the on-chain crypto world into an irreversible trend. This is arguably the most important contribution of US stablecoin legislation.
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