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Top Coindoo News

China's central bank vows crackdown on virtual currency, flags stablecoin concerns — REUTERS / FBi345

China Economy · China

China's central bank vows crackdown on virtual currency, flags stablecoin concerns

58% Center coverage: 14 sources

China's central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving stablecoins. The People's Bank of China (PBOC) said at a coordinating meeting on virtual currency regulation on Friday that crypto speculation has recently increased due to various factors, presenting new challenges for risk control, according to a statement released by the central bank.See the Story

South Korea Pushes for Draft Stablecoin Bill by Dec. 10 Deadline

Democratic Party · South Korea

South Korea Pushes for Draft Stablecoin Bill by Dec. 10 Deadline

South Korea’s ruling party set a Dec. 10 cutoff for a stablecoin bill, cautioning that lawmakers will move ahead unilaterally if regulators don’t submit their draft on time.See the Story

Nasdaq crypto chief pledges to ‘move as fast as we can’ on tokenized stocks

New York City · New York

Nasdaq crypto chief pledges to ‘move as fast as we can’ on tokenized stocks

Nasdaq head of digital assets Matt Savarese said in a CNBC interview Thursday that the exchange aims to work with the SEC “as quickly as possible” to advance its proposal for tokenized stocks.See the Story

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