Caixin: Major internet companies in China may gradually withdraw from cryptocurrency-related businesses, and several state-owned enterprises may be absent from the Hong Kong stablecoin license application

ChainCatcher news, according to Caixin reports, major domestic internet companies may gradually withdraw from cryptocurrency-related businesses, and several state-owned enterprises and Chinese banks in Hong Kong may also be absent from the ongoing Hong Kong stablecoin license applications. In addition, the behavior of internet platforms participating in investments in cryptocurrencies, cryptocurrency exchanges, etc., overseas will also face restrictions, requiring a focus on developing the real economy.