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China’s central bank vows crackdown on virtual currency, flags Stablecoin concerns
Financial Express Pune
|November 30, 2025
The bank warned that Stablecoins risk being used for illegal activities including money laundering and fraud
CHINA'S CENTRAL BANK reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving Stablecoins.
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