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Is China's Crypto Crackdown Policy Here to Stay?

China's top-level reshuffling could pose a threat to its crypto industry. Here's why

Photo by Ewan Kennedy / Unsplash

China's economic recovery has yet to take off as expected after the country ended its zero covid policy at the end of last year.

So, to turn that around, the country decided to make changes to the top executives at its central bank.

Promoting a long-serving technocrat to the position of Communist Party head of the People's Bank of China (PBoC) is seen as a push for stability and policy continuation.

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