Wu Blockchain (@WuBlockchain): The Governor of China's Central Bank stated that stablecoins amplify loopholes in global financial regulation, increase the fragility of the global fi…
Estimated coin impact
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The Governor of China's Central Bank stated that stablecoins amplify loopholes in global financial regulation, increase the fragility of the global financial system, and impact the monetary sovereignty of some underdeveloped economies. China will continue to crack down on the operation and speculation of virtual currencies within its borders. https://t.co/YZq4teEK0b