A major Chinese energy company, PetroChina, is exploring the potential of stablecoins for international oil trade. This interest stems from a growing desire to leverage digital currencies for […]
FinCEN Identifies $312 Billion in Chinese Money Laundering Through U.S. Banks
A new report from FinCEN reveals the staggering figure of nearly $312 billion in suspicious transactions linked to Chinese money laundering networks processed through U.S. banks between 2020 […]
China Aims to Weaken USD Dominance with Yuan-Backed Stablecoin
Beijing is planning to launch a yuan-backed stablecoin, aiming to challenge the US dollar’s dominance in the stablecoin market. The move comes amid China’s shift from skepticism toward […]
US Tightens Restrictions on China’s Chip Imports, Impacting Samsung and SK Hynix
The U.S. government has tightened its restrictions on chip exports to China, revoking previous approvals that allowed firms like Samsung and SK Hynix to acquire crucial manufacturing equipment […]
China Exploring Stablecoins for Global Energy Payments
China’s energy giant, PetroChina, is embracing digital finance with a move to integrate stablecoins into its international payment system for energy trades. This shift could revolutionize global energy […]
Airnet Technology Invests $90 Million in Bitcoin, Signaling Growing Crypto Interest from China
Chinese internet firm Airnet Technology has made a significant move into the cryptocurrency market by purchasing 819 Bitcoin worth $90 million. This investment comes as part of a […]
China’s Top Banks Face Declining Profits as Economy Weakens
China’s largest banks are set to report disappointing financial results, impacted by a slowing economy and stagnant wages. Analysts predict rising loan defaults, particularly among consumers, will further […]
China’s Stablecoin Concerns Rise Amidst Growing Market
Recent reports highlight a growing concern about stablecoins in China as their potential impact on financial stability is coming under scrutiny. Experts warn that even fully backed stablecoins […]
China National Petroleum to Explore Stablecoin Use in Cross-Border Payments
China National Petroleum Corporation (CNPC) has embarked on a feasibility study exploring the potential use of stablecoins for cross-border payments, according to CFO Wang Hua during their recent […]
China Invests in Stablecoins for Cross-Border Payments
China is exploring the potential of stablecoins for cross-border payments, with discussions taking place at the National People’s Congress (NPC). Hong Kong serves as a testing ground for […]
China and Hong Kong Pursue Stablecoin Expansion for Global Trade
China and Hong Kong are transitioning towards more active regulation of stablecoins, aiming to increase their use in international trade. This significant shift marks a dramatic change in […]
China Seeks to Leverage Stablecoins for Cross-Border Payments
China’s National People’s Congress (NPC) is exploring the use of stablecoins for international payments, a move that signals growing interest in digital currencies. The People’s Bank of China […]
Why is Alibaba’s US-Listed Stock Up Before Market Open?
Alibaba shares (NYSE: BABA) are showing a significant gain in premarket trading today, likely fueled by reports of the company developing a new AI chip to reduce reliance […]
IOTA Recognized as a Leading Solution for China’s Self-Sovereign Identity Pilot Program
China has highlighted IOTA as a key player in its Digital Product Passport (DPP) initiative, featured prominently in the 2025 Technical Development Report. This report outlines how IOTA’s […]
Former PBOC Head Warns Against Rapid Stablecoin Adoption in China
China’s former governor, Zhou Xiaochuan, issued a cautionary message regarding stablecoin adoption during the CF40 forum in Beijing. He highlighted concerns over the potential destabilizing effect of these […]