Deep Tide TechFlow News, January 16th, Caixin published an article authored by economist Zhang Ming titled "How China Can Respond to Cryptocurrency Challenges," which points out that as the world's second-largest economy and an emerging digital financial powerhouse, China needs to play a more active role in global digital currency governance. The article suggests starting internally by improving its own response system, including accelerating the development and application of digital RMB, promoting smarter and more precise cryptocurrency regulation, and quickly pushing for the formulation and implementation of unified international regulatory standards (such as anti-cryptocurrency money laundering rules). It also recommends re-examining the balance between innovation and regulation in the cryptocurrency field to promote the integration of stablecoins with the traditional financial system within a controllable scope.