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Highlights: China’s central bank has reaffirmed the stablecoin ban to prevent financial crime. New measures target crypto speculation and capital outflow. Officials stress risks of using virtual currencies as market payments. A high-level meeting on November 28 saw China’s central […]

Highlights: People’s Bank of China warns that stablecoins and digital currencies could threaten global financial stability. He highlighted that many digital currencies lack proper customer checks, increasing money laundering risks. China continues to implement strict policies to control cryptocurrency trading […]