MemecoinTrader
The curtain is rising on stablecoin regulation. Over the past two weeks, the crypto market has experienced a quiet “policy earthquake”—two core Chinese-speaking markets have almost simultaneously tightened their stance on stablecoins.
Let’s first look at mainland China. There’s a recent regulatory move worth noting: for the first time, stablecoins have been explicitly classified as “a form of virtual currency.” What does this mean? In short, the full set of previous bans on virtual currencies now also applies to stablecoins. Risk prevention, cracking down on illegal transactions, protecting th
View OriginalLet’s first look at mainland China. There’s a recent regulatory move worth noting: for the first time, stablecoins have been explicitly classified as “a form of virtual currency.” What does this mean? In short, the full set of previous bans on virtual currencies now also applies to stablecoins. Risk prevention, cracking down on illegal transactions, protecting th
