Hong Kong-listed stocks with companies associated to stablecoins tumbled on Monday, after China’s central financial institution vowed to crack down on digital currencies and flagged stablecoin issues.
Yunfeng Monetary Group 
376 slumped almost 10%, Vivid Good Securities and Commodities Group 
1428 dropped roughly 7% and OSL Group 
863 misplaced greater than 4%.
The Folks’s Financial institution of China (PBOC) reaffirmed its robust stance on digital currencies on Saturday, warning of a resurgence in hypothesis and vowing to crack down on unlawful actions involving stablecoins
The PBOC particularly highlighted issues about stablecoins, saying they fail to satisfy necessities for buyer identification and anti-money-laundering controls.
