China Vows To Intensify Crackdown On Crypto, Including Stablecoins, Amid Resurfacing Speculation
Advertisement China intends to keep a tight grip on cryptocurrencies and stablecoins, reaffirming its stance that digital assets have no legal status in the country. The People’s Bank of China (PBoC), the country’s central bank, said that “virtual currency speculation has resurfaced” due to multiple factors, posing new financial risks and challenges. “Virtual...
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