China's central bank and other regulators issued a statement on Friday banning companies from issuing yuan-pegged tokens or tokenizing assets without approval.
Editor’s Analysis
PBOC Officially Bans 'Unapproved' Yuan-Pegged Stablecoins continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
This content is for informational purposes only and should not be taken as financial advice.
Credit: @cointelegraph
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