China Bans Stablecoin Promotions Amid Fraud Fears
The post China Bans Stablecoin Promotions Amid Fraud Fears appeared first on Coinpedia Fintech News
Chinese financial regulators have instructed local brokerages and research organizations to halt the promotion of stablecoins. They were told to stop publishing studies and cancel seminars on stablecoins due to concerns over fraud and speculative risks. This move aims to prevent a rush of uninformed investors into the asset class. Despite China’s crypto ban, digital asset trading remains active. The clampdown shows Beijing’s cautious approach while continuing to control crypto development on its terms.
Ethereum Breaks $4,000 After 8 Month, Is $6,000 Next?
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XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking Rewards
The post XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking R...
Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone
The post Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone appeared first on Coinpe...