China Restricts State‑Linked Firms From Crypto &am..

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China Restricts State‑Linked Firms From Crypto & Stablecoin Business in Hong Kong | #hongkong #china #stablecoins #cryptoregulation #stateownedenterprises #digitalassets #compliance #regulation #licensing

China Restricts State‑Linked Firms From Crypto & Stablecoin Business in Hong Kong

China Restricts State‑Linked Firms From Crypto & Stablecoin Business in Hong Kong

Mainland China is imposing limits on state‑owned enterprises, banks, and internet giants in Hong Kong from applying for stablecoin licenses or engaging in crypto business. This move comes amid growing regulatory caution and concerns over risks such as capital flight and fraud. The change

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