China’s Central Bank Probes Solana Over Illegal Crypto Services
Reports indicate that the People’s Bank of China (PBOC) is preparing to probe Solana over its recent activities and a campaign in Shanghai. These reports come after the abrupt suspension of a Solana event in October, with law enforcement involvement. Report: Solana to Be Probed Over Crypto Activities in China China…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyCentral bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
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