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China expands crypto crackdown to stablecoins, asset tokenization WEBSITE retrieval pending
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| Locator | Excerpt |
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QUOTE {} | The notice reiterates China's blanket ban on crypto, saying that trading, issuing or facilitating transactions involving digital currencies such as bitcoin, ether, or stablecoins like Tether's USDT is illegal. |
QUOTE {} | The new set of rules build on Chinese authorities in 2021 deeming all crypto-related business activities illegal and prohibiting crypto mining |