Chinese commentators are crowing over cryptocurrency’s global declines and the unpegging of so-called stablecoins such as TerraUSD, saying it vindicates Beijing’s decision last year to prohibit crypto trading, the state-run Economic Daily reported.
Commentator Li Hualin wrote in the Daily that the ban helped to “extinguish the ‘virtual fire’ of virtual currency speculation and put ‘protection locks’ on investors’ wallets.”
Read the full report: Economic Daily
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