This marks the first time China has specifically targeted research institutions and think tanks regarding stablecoins, rather than just exchanges or traders. The timing - immediately following Hong Kong's legitimization of stablecoins - reveals an unprecedented regulatory divergence between mainland China and Hong Kong in digital currency policy, creating a new economic 'wall' within the same cultural sphere.
China Silences Brokers on Stablecoins: Digital Yuan Control Tightens
📰 What Happened
In August 2025, Chinese regulators instructed major domestic brokerages to halt all research publication and commentary related to stablecoins. The directive extends to influential think tanks, who were asked to cancel stablecoin-related seminars and events. This crackdown contrasts sharply with Hong Kong's May 2025 approval of a stablecoin regulation framework. Beijing's actions come in response to growing domestic interest in dollar-pegged crypto assets, which authorities view as a threat to state-controlled financial instruments.
📖 Prophetic Significance
The division between Hong Kong's embrace and mainland China's rejection of stablecoins aligns with prophetic expectations of economic regionalization before the final global system. This split mirrors Daniel's vision of the divided kingdom - partly strong and partly broken (Daniel 2:41-43). China's suppression of even academic discussion about dollar-pegged stablecoins, while simultaneously developing its digital yuan, demonstrates the prophesied consolidation of state power over commerce. The contrast between Hong Kong's open approach and Beijing's control prefigures the eventual forced choice between competing economic systems described in Revelation 13.