China Takes Action Against Illegal Forex Trading by Restricting Use of Stablecoins: A Heartfelt Insight into the Impact on the Crypto Market
China intensifies crackdown on stablecoins in illegal forex trading Authorities in China are taking a strong stance against the use of cryptocurrencies in illicit foreign exchange transactions According to a recent report from the South China Morning Post, Chinese authorities are ramping up efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex)…