China reaffirms crypto ban after noticing ‘speculation has resurfaced’
The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins. China’s central bank has flagged stablecoins as a risk and has promised to refresh its crackdown on crypto trading, which it has banned since 2021. The People’s Bank of China said on Saturday, after…