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CoinOtag 2025-12-05 06:33:12

China Targets Tether-Led Stablecoins as Risks to Monetary Sovereignty Amid Crypto Crackdown

China's central bank has intensified scrutiny on stablecoins like Tether (USDT) and USDC, deeming them a threat to monetary sovereignty due to inadequate anti-money laundering measures. This shift highlights ongoing efforts to enforce the crypto ban amid rising underground trading activity. PBOC reaffirms crypto illegality: Multi-agency meeting on November 28 emphasized coordinated enforcement against virtual [...]

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