Chinese authorities are renewing their focus on stopping crypto trading in the country amid a new surge in interest in speculative trading. The People’s Bank of China (PBOC) warned that virtual currencies, including stablecoins, do not have the same legal status as legal tender and cannot be used as currency in the market.“Virtual currency-related business activities constitute illegal financial activities,” it said. Its comments came following a high-level meeting last week between the PBOC, the Ministry o ...