China’s Regulators Clamp Down on Stablecoin Promotion, Reports Bloomberg
China’s financial regulators have instructed brokerage firms and think tanks to cancel seminars and cease publishing research on stablecoins, according to sources cited by Bloomberg. Authorities are concerned that stablecoins could become a new tool for fraud in mainland China. Regulators also aim to prevent a frenzy over assets whose risks are not fully understood […]
