China renewed its crackdown on cryptocurrency trading and mining in the second quarter amid pilot testing of digital yuan. However, according to China journalist Colin Wu, the latest central bank statement is quite detailed and mentions tether (USDT) as illegal for the first time. Tether, the largest stablecoin per market value, is widely used to fund crypto purchases and as collateral in decentralized finance.
Related posts
-
Solana (SOL) ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto
“Given that CME-traded solana futures don’t currently exist, it seems the only viable path for spot... -
Bitcoin Price (BTC) Could Drop to $55K as Crypto Closes Weak Quarter
Anticipation of the spot bitcoin ETF approval, then the approval, and then the massive inflows into... -
Elections Across Europe Won’t Hinder Blocs’ Crypto Ambitions, MiCA
The Czech Republic, Republic of Cyprus, Estonia, Netherlands, Poland, Slovakia and Spain held elections last year....