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China's Central Bank Calls Stablecoins a 'Threat,' Vows Crackdown: Report

China has characterized stablecoins as a threat to stability and sovereignty, has maintained a strict domestic crackdown, and has monitored overseas growth. IMF and World Bank officials have raised similar concerns, while Hong Kong has launched licensing.The post China's Central Bank Calls Stablecoins a 'Threat,' Vows Crackdown: Report appeared first on Cryptonews.

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