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China’s Stablecoin Warnings and Korea’s Crypto Scams Reshape APAC Digital Asset Landscape
China’s Stablecoin Warnings and Korea’s Crypto Scams Reshape APAC Digital Asset Landscape
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BTCCSquare news:
Former People’s Bank of China Governor Zhou Xiaochuan issued stark warnings against stablecoin adoption, highlighting systemic risks to monetary sovereignty and capital controls. His analysis, published by the CF40 think tank, challenges growing calls for digital currency integration in China.
South Korean authorities report a 6.6-fold surge in cryptocurrency voice phishing scams this year, signaling escalating regulatory challenges. The APAC region continues to grapple with balancing innovation against consumer protection in digital asset markets.
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