Central Bank Cracks Down on Virtual Currency Speculation, Don't Scare Yourself!
Recently, the central bank held a meeting to continue cracking down on virtual currency speculation. As soon as the news came out, many people started to feel uneasy, worried about facing a market crash like the one on May 19, 2021. However, there is no need to panic; this time is very different and the impact is much smaller. This meeting focused on two main aspects. Firstly, stablecoins were highlighted, such as USDT and USDC. Why are they being targeted? Because stablecoins are too easily exploited by criminals for money laundering, fraud, splitting funds, and cross-border money transfers. These illegal activities often use stablecoins as a cover. In the future, any exchanges involving cross-border money and gray fund flows will definitely be subject to strict scrutiny.
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