Stablecoins are experiencing a surge of interest across Asia, with Japan, China, and Hong Kong at the forefront of this revolution. These digital currencies offer an appealing solution […]
Modi & Xi Meeting Yields No Market Movement
In a summit at the SCO, Modi and Xi engaged in symbolic diplomacy, with no immediate impact observed on financial markets or cryptocurrencies.
China Launches Study of Stablecoin Risks for Global Impact
China has initiated a groundbreaking research project dedicated to addressing the risks posed by stablecoins, aiming to strengthen global regulatory frameworks for this crucial financial tool. The initiative, […]
China’s $280 Billion Liquidity Boost: Potential Impact on Global Markets
China’s central bank injected a record $280 billion into the economy through reverse repo operations, aiming to stabilize financial markets amidst economic slowdown. This move is part of […]
Chinese Court Dismisses ‘Virtual US Dollar’ Investment Case, Underscores Risks of Overseas Crypto Investments
The Wuxi Intermediate People’s Court has dismissed a lawsuit concerning ‘virtual US dollars,’ where an investor lost nearly 84,350 yuan after a platform collapsed. This case highlights the […]
China Diverts Assets: Shifting Away from US Treasuries to Bitcoin and Gold
China’s strategic move to divest from U.S. Treasury bonds and increase gold holdings signals a shift in global investment trends. The move comes as the U.S. establishes a […]
China’s Stablecoins Revolutionize Global Investments: Can Digital RMB Lead the Way?
Chinese companies are increasingly turning to RMB stablecoins for smoother international investments. These innovative assets offer a solution to currency fluctuations, allowing Chinese firms to navigate global markets […]
Hong Kong Pursues Stablecoin Initiative with Institutional Backing
Hong Kong is taking proactive steps toward establishing regulated Renminbi (RMB) stablecoins, driven by new regulations and the involvement of major financial institutions like Standard Chartered and HSBC. […]
China Invests in Stablecoin Risk Governance with New NSFC Project
The National Natural Science Foundation of China (NSFC) has launched a new project focusing on global stablecoin risk governance. The 2025 Phase 3 Emergency Management Project will provide […]
Chinese Court Convicts 17 for USDT Money Laundering
A recent court ruling in Fujian, China has convicted 18 individuals of operating an illegal foreign exchange network using Tether (USDT). This operation saw over 13.3 billion RMB […]
Chinese Authorities Dismantle Forex Crime Network Using USDT, Focus Shifts Towards Regulations
In a significant crackdown targeting illegal forex operations in Putian City, Chinese authorities dismantled a network using Tether’s stablecoin, USDT. The operation yielded ¥13.3 billion in transactions, largely […]
Jack Ma’s Yunfeng Invests $44 Million in Ethereum: Signals China’s Growing Web3 Interest
Hong Kong-based Yunfeng Financial, backed by tech giant Jack Ma, has made a strategic investment of $44 million in Ethereum. This move signals a shift in China’s focus […]
DeepSeek Unveils AI Agent Release Plan for 2025
DeepSeek, a leading Chinese artificial intelligence firm, has announced its ambitious plan to release an AI Agent by the end of 2025. This strategic move reflects their commitment […]
China Bans ICOs, Leading to Crypto Exchange Closures & Market Shifts
The Chinese government has enacted a strict ban on Initial Coin Offerings (ICOs), requiring all domestic cryptocurrency exchanges to cease operations. This move sent shockwaves through the crypto […]
Shanggou Holdings Issues First Tokenized Bond on HashKey Chain, Ushers in New Era of Chinese SOEs in Blockchain Finance
In a groundbreaking move for Chinese state-owned enterprises (SOEs) and blockchain finance, Shanggou Holdings has issued its first tokenized bond on HashKey Chain. This USD 40 million transaction […]