Caixin: Major Internet companies in China may gradually withdraw from cryptocurrency-related businesses, and many central enterprises may miss the application for Hong Kong stablecoin licenses
Source: BlockBeats
Time: 2025-09-11 18:57:54
According to BlockBeats, on September 11, according to Caixin, major domestic Internet companies may gradually withdraw from cryptocurrency-related businesses, and many central enterprises and Chinese banks in Hong Kong may also be absent from the ongoing application for Hong Kong stablecoin licenses. In addition, the behavior of Internet platforms in overseas investment in cryptocurrencies, cryptocurrency exchanges, etc. will also face restrictions, and the development of the real economy is mainly required.