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According to Caixin, on July 10, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting, focusing on the development trends and response strategies of Crypto Assets and stablecoins. They emphasized the need to maintain a keen awareness of emerging technologies and strengthen research and exploration of Digital Money; adhere to the integration of production and data, and explore the application of Blockchain technology in areas such as cross-border trade, Supply Chain finance, and asset digitization.

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