$PI In mainland China, cryptocurrencies and stablecoins are all regulated and suppressed. This is an act of disconnecting from the world and remaining complacent. Remember, China can only strangle these within its own jurisdiction. On the world stage, it does not have that power and cannot fight against the trend—it's like trying to stop a chariot with one's arms. This is why it keeps emphasizing the severe crackdown on any cryptocurrencies and stablecoins within its borders; domestic is not the same as the world.