China Strengthens Digital RMB Amid Global Cryptocurrency Legislation

Key Points:
  • China bolsters digital RMB amid global stablecoin policies.
  • People’s Bank of China reaffirms virtual currency ban.
  • Potential shift towards international digital currency use.

On December 14, 2025, Wang Yongli’s article on WeChat highlighted China’s strategic focus on the digital RMB amid global surges in stablecoin legislation.

This move is pivotal as it solidifies China’s stance on digital currency, impacting international payment systems and reinforcing its domestic economic strategy against global stablecoin trends.

China’s Digital RMB Strategy Amid U.S. and Hong Kong Legislation

China’s People’s Bank plans to optimize the digital RMB’s position within its currency hierarchy. Following U.S. and Hong Kong’s stablecoin legislation, China reaffirmed its virtual currency restrictions. This aligns with Wang Yongli’s advocacy for digital RMB enhancement over private stablecoins.

China’s focus on accelerating the digital RMB while emphasizing the risks associated with global stablecoin legislation is evident in its policies.

Market responses have been observant, given China’s firm stance against private stablecoins. Wang Yongli claimed China’s approach aims for greater international digital currency use, attempting to leverage a dominant digital RMB as discussed in a necessary crisis management measure.

Historical Context, Price Data, and Expert Insights

Did you know? China’s decisive actions on digital RMB come amid a global backdrop where Bitcoin hit $110,797 following the U.S.’s crypto legislation. Such global shifts hint at strategic financial positioning.

According to CoinMarketCap, Bitcoin currently trades at $90,226.59 with a market cap of formattingNumber(value, 2)$1.80 trillion and a market dominance of 58.59%. Over the past 90 days, it has seen a 22.01% decline. Recent data indicates a continuous fall, reflected by a 24-hour drop of 0.33%.

bitcoin-daily-chart-5011
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:31 UTC on December 14, 2025. Source: CoinMarketCap

Experts from Coincu suggest China’s swift actions highlight potential economic adaptability, possibly facilitating stronger digital financial systems internationally. Enhanced digital RMB efforts could also influence economic power balances, invigorating cross-border transactions with robust digital infrastructure as a focal point. China reasserts ban on crypto and further develops its digital RMB focus.

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