CZ: BUSD Strangled in Government's Crackdown on Crypto Industry

BlockBeats News, March 23rd, in response to community inquiries about the recent status of BUSD, CZ replied that "BUSD, a fully reliable USD-backed stablecoin, was part of the 'Operation Chokepoint 2.0' (a government-led crackdown on the cryptocurrency industry) that has been terminated. The good news is that now there are many new stablecoins launching on BSC."

BlockBeats Note: The primary purpose of Operation Chokepoint 2.0 was to restrict or cut off banking services to cryptocurrency-related businesses and individuals by pressuring banks and financial institutions, thereby "choking off" the development of this industry.