Don’t expect China’s stablecoin to touch the mainland
Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research.
The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world.
A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.”
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