After millions were defrauded by a stablecoin-linked investment ploy, local-level governments started sending out warnings
As a result, several local governments have elevated stablecoins to the top of their agendas in recent weeks while issuing urgent warnings to investors about illegal fundraising and fraudulent schemes.
With this in mind, the nation’s top financial authorities remain committed to financial innovation and adaptation. And regulators are doing their best to strike a balance.
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