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After three years, the Internet Finance Association has once again issued a statement, launching strict tightening controls and enhanced crackdown actions in the cryptocurrency sector.
This is the fourth concentrated rectification by the association targeting the cryptocurrency sector:
1. The first crackdown focused on OTC trading, ultimately concluding with the investigation of U merchants and triggering a wave of frozen accounts.
2. The second rectification targeted mining farms and token issuance businesses, ending with a large-scale exit of mining farms and the arrest of personnel related to exchanges.
3. The third crackdown focused on the NFT and digital collectibles sector, resulting in the legal seizure of multiple companies related to digital collectibles.
4. This latest action aims at stablecoin trading and the behavior of exchanges in attracting traffic, with the results of the rectification currently unclear.
