C\u01a1 quan qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n nh\u00e0 n\u01b0\u1edbc Th\u01b0\u1ee3ng H\u1ea3i \u0111\u00e3 t\u1ed5 ch\u1ee9c m\u1ed9t cu\u1ed9c h\u1ecdp k\u00edn v\u00e0o tu\u1ea7n tr\u01b0\u1edbc \u0111\u1ec3 nghi\u00ean c\u1ee9u v\u1ec1 stablecoin<\/strong> v\u00e0 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng blockchain<\/strong>. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y kh\u1ea3 n\u0103ng th\u1eed nghi\u1ec7m t\u1ea1i c\u00e1c doanh nghi\u1ec7p do th\u00e0nh ph\u1ed1 \u0111i\u1ec1u h\u00e0nh, b\u1ea5t ch\u1ea5p l\u1ec7nh c\u1ea5m ti\u1ec1n \u0111i\u1ec7n t\u1eed tr\u00ean to\u00e0n qu\u1ed1c c\u1ee7a Trung Qu\u1ed1c.<\/p>\n Cu\u1ed9c h\u1ecdp do He Qing<\/strong>, Gi\u00e1m \u0111\u1ed1c \u1ee6y ban Gi\u00e1m s\u00e1t v\u00e0 Qu\u1ea3n l\u00fd T\u00e0i s\u1ea3n Nh\u00e0 n\u01b0\u1edbc Th\u01b0\u1ee3ng H\u1ea3i (SASAC) ch\u1ee7 tr\u00ec, \u0111\u00e3 th\u1ea3o lu\u1eadn v\u1ec1 c\u00e1ch c\u00e1c c\u00f4ng ty nh\u00e0 n\u01b0\u1edbc c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00f4ng ngh\u1ec7 blockchain cho th\u01b0\u01a1ng m\u1ea1i xuy\u00ean bi\u00ean gi\u1edbi<\/strong>, qu\u1ea3n l\u00fd chu\u1ed7i cung \u1ee9ng<\/strong> v\u00e0 s\u1ed1 h\u00f3a t\u00e0i s\u1ea3n<\/strong>. \u00d4ng Qing nh\u1ea5n m\u1ea1nh r\u1eb1ng c\u00f3 m\u1ed9t nhu c\u1ea7u l\u1edbn v\u1ec1 “s\u1ef1 nh\u1ea1y b\u00e9n h\u01a1n \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ngh\u1ec7 m\u1edbi n\u1ed5i<\/em>” v\u00e0 nghi\u00ean c\u1ee9u s\u00e2u h\u01a1n v\u1ec1 ti\u1ec1n t\u1ec7 k\u1ef9 thu\u1eadt s\u1ed1<\/em>, theo m\u1ed9t b\u1ea3n t\u00f3m t\u1eaft \u0111\u01b0\u1ee3c \u0111\u0103ng tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i c\u1ee7a c\u01a1 quan qu\u1ea3n l\u00fd, l\u1ea7n \u0111\u1ea7u ti\u00ean \u0111\u01b0\u1ee3c Reuters tr\u00edch d\u1eabn.<\/p>\n M\u1eb7c d\u00f9 phi\u00ean h\u1ecdp \u0111\u01b0\u1ee3c \u0111\u1ecbnh h\u00ecnh nh\u01b0 m\u1ed9t cu\u1ed9c h\u1ecdp nghi\u00ean c\u1ee9u ch\u00ednh tr\u1ecb th\u01b0\u1eddng l\u1ec7, nh\u01b0ng s\u1ef1 t\u1eadp trung v\u00e0o stablecoin cho th\u1ea5y m\u1ed9t s\u1ef1 thay \u0111\u1ed5i r\u00f5 r\u1ec7t trong t\u01b0 duy ch\u00ednh s\u00e1ch, di\u1ec5n ra m\u1ed9t tu\u1ea7n sau khi c\u00e1c quan ch\u1ee9c c\u00f4ng c\u1ed9ng \u1edf Th\u00e2m Quy\u1ebfn ph\u00e1t \u0111i c\u1ea3nh b\u00e1o v\u1ec1 c\u00e1c v\u1ee5 l\u1eeba \u0111\u1ea3o li\u00ean quan \u0111\u1ebfn stablecoin.<\/p>\n<\/blockquote>\n S\u1ef1 thay \u0111\u1ed5i n\u00e0y \u0111\u00e3 thu h\u00fat s\u1ef1 ch\u00fa \u00fd t\u1eeb c\u00e1c nh\u00e0 quan s\u00e1t, nh\u1eefng ng\u01b0\u1eddi coi \u0111\u00e2y l\u00e0 m\u1ed9t ph\u1ea7n c\u1ee7a vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh r\u1ed9ng h\u01a1n trong s\u00e1ch h\u01b0\u1edbng d\u1eabn t\u00e0i ch\u00ednh k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a Trung Qu\u1ed1c, nh\u1eb1m t\u00e1ch bi\u1ec7t t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u1ea7u c\u01a1 kh\u1ecfi c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c nh\u00e0 n\u01b0\u1edbc ph\u00ea duy\u1ec7t. Sam MacPherson<\/strong>, Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh v\u00e0 \u0111\u1ed3ng s\u00e1ng l\u1eadp Phoenix Labs, nh\u00e0 ph\u00e1t tri\u1ec3n c\u1ed1t l\u00f5i \u0111\u1ee9ng sau Spark, m\u1ed9t c\u00f4ng c\u1ee5 ph\u00e2n b\u1ed5 v\u1ed1n tr\u00ean chu\u1ed7i, \u0111\u00e3 n\u00f3i v\u1edbi Decrypt:<\/p>\n “Stablecoin \u0111\u01b0\u1ee3c coi l\u00e0 c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ch\u1ee7 quy\u1ec1n, kh\u00f4ng ph\u1ea3i l\u00e0 t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0.”<\/p>\n<\/blockquote>\n Tuy nhi\u00ean, MacPherson cho bi\u1ebft \u0111\u1ed9ng th\u00e1i n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 d\u1ea5u hi\u1ec7u c\u1ee7a s\u1ef1 t\u1ef1 do h\u00f3a ti\u1ec1n \u0111i\u1ec7n t\u1eed<\/strong>, m\u00e0 ph\u1ea3n \u00e1nh m\u1ed9t th\u00ed nghi\u1ec7m c\u00f3 ki\u1ec3m so\u00e1t trong c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng ti\u1ec1n t\u1ec7 do nh\u00e0 n\u01b0\u1edbc ch\u1ec9 \u0111\u1ea1o. “\u0110i\u1ec1u n\u00e0y cho ph\u00e9p c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd th\u1eed nghi\u1ec7m thanh to\u00e1n d\u1ef1a tr\u00ean blockchain trong c\u00e1c r\u00e0o c\u1ea3n ki\u1ec3m so\u00e1t v\u1ed1n ch\u1eb7t ch\u1ebd,” \u00f4ng gi\u1ea3i th\u00edch.<\/p>\n \u0110i\u1ec1u n\u00e0y di\u1ec5n ra khi nhu c\u1ea7u v\u1ec1 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng stablecoin \u0111\u00e3 ch\u1ee9ng ki\u1ebfn s\u1ef1 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd tr\u00ean kh\u1eafp ch\u00e2u \u00c1, v\u1edbi c\u00e1c khu v\u1ef1c c\u00f3 h\u1ec7 sinh th\u00e1i DeFi ho\u1ea1t \u0111\u1ed9ng nh\u01b0 H\u00e0n Qu\u1ed1c<\/strong>, Singapore<\/strong> v\u00e0 H\u1ed3ng K\u00f4ng<\/strong>. T\u1ea1i Di\u1ec5n \u0111\u00e0n Lujiazui 2025 \u0111\u01b0\u1ee3c t\u1ed5 ch\u1ee9c \u1edf Th\u01b0\u1ee3ng H\u1ea3i v\u00e0o th\u00e1ng tr\u01b0\u1edbc, Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Nh\u00e2n d\u00e2n Trung Qu\u1ed1c<\/strong>, Pan Gongsheng<\/strong>, \u0111\u00e3 c\u00f4ng khai \u0111\u1ec1 c\u1eadp \u0111\u1ebfn stablecoin l\u1ea7n \u0111\u1ea7u ti\u00ean, \u0111\u00e1nh d\u1ea5u m\u1ed9t s\u1ef1 thay \u0111\u1ed5i trong gi\u1ecdng \u0111i\u1ec7u t\u1eeb ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u1ee7a n\u01b0\u1edbc n\u00e0y.<\/p>\n “Nh\u1eefng \u0111\u1ed5i m\u1edbi n\u00e0y \u0111ang th\u00fac \u0111\u1ea9y s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 stablecoin, \u0111\u1ed3ng th\u1eddi \u0111\u1ecbnh h\u00ecnh l\u1ea1i c\u00e1c h\u1ec7 th\u1ed1ng thanh to\u00e1n v\u00e0 thanh to\u00e1n truy\u1ec1n th\u1ed1ng,” Pan n\u00f3i b\u1eb1ng ti\u1ebfng Quan Tho\u1ea1i.<\/p>\n<\/blockquote>\n Tuy nhi\u00ean, \u1edf nh\u1eefng n\u01a1i kh\u00e1c trong c\u00e1c th\u00e0nh ph\u1ed1 g\u1ea7n g\u0169i v\u1edbi quy\u1ec1n l\u1ef1c c\u1ee7a Trung Qu\u1ed1c, stablecoin v\u1eabn l\u00e0 m\u1ed9t bi\u00ean gi\u1edbi ch\u00ednh s\u00e1ch: \u0111\u01b0\u1ee3c gi\u00e1m s\u00e1t ch\u1eb7t ch\u1ebd v\u00e0 th\u1eed nghi\u1ec7m m\u1ed9t c\u00e1ch th\u1eadn tr\u1ecdng. Nh\u1eefng \u0111\u1ed9ng th\u00e1i n\u00e0y t\u1eeb Trung Qu\u1ed1c ph\u00f9 h\u1ee3p v\u1edbi “l\u1eadp tr\u01b0\u1eddng l\u00e2u d\u00e0i, ti\u1ebfn b\u1ed9 c\u1ee7a H\u1ed3ng K\u00f4ng v\u1ec1 t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1,” MacPherson cho bi\u1ebft.<\/p>\n “\u1ede b\u00ean kia bi\u00ean gi\u1edbi, Th\u00e2m Quy\u1ebfn v\u1eabn th\u1eadn tr\u1ecdng h\u01a1n d\u01b0\u1edbi s\u1ef1 qu\u1ea3n l\u00fd c\u1ee7a \u0111\u1ea1i l\u1ee5c,” \u00f4ng n\u00f3i. Nh\u01b0ng n\u1ebfu “c\u00e1c b\u1eb1ng ch\u1ee9ng v\u1ec1 kh\u00e1i ni\u1ec7m cho th\u1ea5y stablecoin c\u00f3 th\u1ec3 th\u00fac \u0111\u1ea9y” m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n nh\u1ea5t \u0111\u1ecbnh, c\u00e1c th\u00e0nh ph\u1ed1 kh\u00e1c “c\u00f3 th\u1ec3 c\u00f3 kh\u1ea3 n\u0103ng m\u1edf c\u1eeda cho vi\u1ec7c \u00e1p d\u1ee5ng t\u01b0\u01a1ng t\u1ef1 h\u01a1n.” S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa ph\u1ed1i h\u1ee3p t\u1eeb tr\u00ean xu\u1ed1ng v\u00e0 th\u1eed nghi\u1ec7m \u0111\u1ecba ph\u01b0\u01a1ng, theo MacPherson, ph\u1ea3n \u00e1nh chi\u1ebfn l\u01b0\u1ee3c t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a Trung Qu\u1ed1c: ki\u1ec3m so\u00e1t ch\u1eb7t ch\u1ebd k\u1ebft h\u1ee3p v\u1edbi \u0111\u1ed5i m\u1edbi c\u00f3 m\u1ee5c ti\u00eau<\/strong>. “Nh\u1eefng g\u00ec c\u00f3 th\u1ec3 tr\u00f4ng gi\u1ed1ng nh\u01b0 s\u1ef1 ph\u00e2n k\u1ef3 th\u1ef1c t\u1ebf l\u00e0 th\u00ed nghi\u1ec7m c\u00f3 t\u1ea7ng,” \u00f4ng n\u00f3i.<\/p>\n","protected":false},"excerpt":{"rendered":" C\u01a1 Quan Qu\u1ea3n L\u00fd T\u00e0i S\u1ea3n Nh\u00e0 N\u01b0\u1edbc Th\u01b0\u1ee3ng H\u1ea3i Nghi\u00ean C\u1ee9u V\u1ec1 Stablecoin C\u01a1 quan qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n nh\u00e0 n\u01b0\u1edbc Th\u01b0\u1ee3ng H\u1ea3i \u0111\u00e3 t\u1ed5 ch\u1ee9c m\u1ed9t cu\u1ed9c h\u1ecdp k\u00edn v\u00e0o tu\u1ea7n tr\u01b0\u1edbc \u0111\u1ec3 nghi\u00ean c\u1ee9u v\u1ec1 stablecoin v\u00e0 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng blockchain. \u0110i\u1ec1u n\u00e0…<\/p>\n","protected":false},"author":3,"featured_media":10919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[7921,4203,4280,4217,8787,5619,5970,4279,4354,6562],"class_list":["post-10920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-beijing","tag-china","tag-hong-kong","tag-legal","tag-pan-gongsheng","tag-peoples-bank-of-china-2","tag-shanghai","tag-singapore","tag-south-korea","tag-spark"],"yoast_head":"\nCu\u1ed9c H\u1ecdp v\u00e0 Nh\u1eefng \u0110i\u1ec3m Ch\u00ednh<\/h2>\n
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Ph\u1ea3n \u1ee8ng T\u1eeb C\u00e1c Chuy\u00ean Gia<\/h2>\n
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T\u00ecnh H\u00ecnh \u1ede Ch\u00e2u \u00c1 v\u00e0 Quan \u0110i\u1ec3m T\u1eeb Ng\u00e2n H\u00e0ng Trung \u01af\u01a1ng<\/h2>\n
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K\u1ebft Lu\u1eadn<\/h2>\n