After the Luna crisis, China is stepping up crypto ban

You are watching: After the Luna crisis, China is stepping up crypto ban

in innnewyorkcity.com

The global Luna crisis has further made it easier for the Beijing government to strengthen the crypto ban introduced last year.

The Luna crisis shows the risky crypto playground

According to the South China Morning Post, China is using the collapse of Luna and the collapse of the UST to strengthen the ban on cryptocurrency trading passed by the government in 2021. Information about the Luna Crisis with global implications. Demand in the newspapers was high after UST fell to zero on May 12 and halted trading.
After the Luna crisis, China is stepping up crypto ban
At its peak, the UST was worth about 15 US cents, but after the crisis, Luna’s value almost collapsed and its value fell to less than 1 US cent. The deep crisis in crypto trading has given the Beijing government a new reason to warn the public about the dangers of crypto assets after banning trading for almost a year over concerns about cryptocurrency stability. finance.
Follow Innnewyorkcity VN.com for the latest Luna Crisis updates!

Categories: Travel

Source: INN NEW YORK CITY

See more great articles:  'Risk!' Host Ken Jennings says he loves pineapple pizza - fans are fed up

Leave a Comment