Beijing Cracks Down on Stablecoins as Hong Kong Backs Issuer Rules

Beijing is tightening its grip on stablecoin activity, directing top financial institutions to halt all promotion of the digital asset class. In a bid to curb rising hype and possible speculative risks, regulators have ordered brokerages, think tanks, and research groups to cancel stablecoin seminars and stop publishing related content. L’article Beijing Cracks Down on Stablecoins as Hong Kong Backs Issuer Rules est apparu en premier sur Cointribune.