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China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange

Posted on 12/30/2023

China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange

Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks.

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