Cryptopolitan
2022-05-31 12:24:31

Chinese state media hints at increased crypto regulations after Terra`s collapse

The Chinese government has used its Economic Daily newspaper to indicate that additional regulatory action may be taken against stablecoins in the wake of Terra’s algorithmic stablecoin failure. In May, the collapse of one of the most well-known US dollar-pegged stablecoin initiatives resulted in investors losing tens of billions of dollars as they abandoned in...

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