China Escalates Crypto Crackdown, Imposes Stricter Offshore Token Regulations
China Escalates Crypto Crackdown, Imposes Stricter Offshore Token Regulations
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China has intensified its crypto crackdown, reaffirming its long-standing ban on virtual currencies and introducing stricter oversight on offshore token issuance linked to Chinese assets. This renewed push signals a more forceful tightening of the government's grip on the cryptocurrency sector.
China Steps Up Crypto Crackdown, Blocks Domestic And Overseas Issuers
China has signaled a renewed and more forceful push to tighten its grip on the cryptocurrency sector, reaffirming its long‑standing ban on virtual currencies while introducing stricter oversight of offshore token issuance tied to Chinese assets. According to a Reuters report, Chinese authorities said they will closely scrutinize the offshore issuance of tokens backed by […]