CZ: BUSD was strangled in the government's crackdown on the liquidation of the encryption industry.

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BlockBeats news, on March 23, in response to community inquiries about the current situation of BUSD, CZ stated, "BUSD, a fully reliable stablecoin backed by USD, has been terminated as part of 'Operation Chokepoint 2.0' (a government-led crackdown on the cryptocurrency industry). The good news is that many new stablecoins are now being launched on BSC." BlockBeats note: The main goal of Operation Chokepoint 2.0 is to restrict or cut off banking services for cryptocurrency-related businesses and individuals by pressuring banks and Financial Institutions, thus 'choking' the development of this industry.

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