UNI Token Rises 20% as China’s Blanket Ban on Crypto Businesses Puts Focus on Decentralized Exchanges — CoinDesk

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On Friday, the People’s Bank of China (PBOC) declared all digital currency-related actions unlawful, banning offshore exchanges from serving mainland Chinese customers. The assertion additionally disqualified tether, the biggest stablecoin globally, as authorized tender together with bitcoin and ether, marking hardest crackdown thus far.