CoinOtag
2025-12-02 12:10:44

China’s Renewed Crypto Crackdown Targets Stablecoins, Sparing Bitcoin Focus

China's intensified crypto crackdown in 2025 targets stablecoins as a major threat to financial stability and capital controls, involving 13 government agencies in a coordinated effort to eliminate speculation and enforce the 2021 ban. People's Bank of China (PBoC) reaffirms virtual currencies lack legal status. Stablecoins pose risks by enabling illicit cross-border transfers without proper [...]

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