China Takes Steps to “Cool Frenzy” Around Stablecoin Market: Report

Chinese authorities have quietly told local brokerages and financial institutions to stop promoting stablecoins, a move designed to cool the growing frenzy around the asset class, according to a Bloomberg report. Regulators Move to “Cool the Hype” In recent weeks, several top brokerages reportedly received informal “guidance” from financial regulators to cancel seminars and pull […] The post China Takes Steps to “Cool Frenzy” Around Stablecoin Market: Report appeared first on Coin Edition.