Chinese official media reiterates strict regulation of cryptocurrencies, market may face volatility

China Economic Daily's latest statement directly points out that the "currency circle" has caused another wave of turmoil. The tough attitude of regulatory authorities such as the central bank has not changed, and the market is in turmoil again. As a historical mirror, the 512 plunge after the official media's previous currency-related remarks is still fresh in the memory. Whether it will repeat the historical script this time is thought-provoking.

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