China offshore tax crackdown deadline may accelerate digital yuan adoption

China's October 22 deadline for offshore trust tax disclosure tightens capital outflow controls, pushing high-net-worth families to seek alternative asset shelters. The crackdown, combined with restrictions on crypto and stablecoins, could inadvertently boost demand for the digital yuan (e-CNY) as a compliant, state-visible store of value. The shift signals Beijing's intent to monitor cross-border wealth while potentially accelerating digital currency usage.

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