China intensifies crypto crackdown targeting stablecoin speculation and biometric data collection
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最新报道：Chinese regulators escalated crackdowns on stablecoin speculation and biometric data collection tied to crypto projects in July-August, banning related seminars and warning against foreign initiatives using iris scans over privacy and security concerns. While Shenzhen issued fraud alerts, Hong Kong passed contrasting stablecoin legislation, revealing China's fragmented digital asset regulatory approach. The moves seek to reinforce financial and data governance by curbing decentralized finance's potential to bypass compliance frameworks.
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