China urges brokers and think tanks to halt stablecoin promotion amid fraud concerns
Key Takeaways Chinese regulators instructed brokerages and think tanks to cease promoting stablecoins due to fraud concerns. Despite a crypto ban, over-the-counter digital asset trading in China reached $75 billion in early 2024. Share this article Chinese financial regulators have instructed local brokerages and think tanks to cease promoting stablecoins through studies and public events … Read more