Chinese state media signals tighter crypto regulations in Terra aftermath -Breaking
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Terra is under tighter regulation by the Chinese government mediaChina’s state-owned media outlet the Economic Daily has suggested that China may put even stricter restrictions on cryptocurrency. StablecoinsDue to the destruction of the ecosystem.
An article PubliziertThe outlet reported on May 31 that TerraUSD (UST), and Luna had collapsed.LUNA(), which explains the operation of the algorithmic stabilitycoin. This was the so-called Black swan Event to praise the Chinese government’s decision to ban cryptocurrency.
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