China might have to strengthen already stringent cryptocurrency rules following the TerraUSD stablecoin collapse, the state-owned Economic Daily reported.
The report said “many other countries” are looking to regulate stablecoins following the TerraUSD crash earlier this month and quoted Zhou Maohua of China Everbright Bank as urging “standardised global rules and strengthened cross-border supervision”.
Read the full report: Economic Daily.
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