China’s stance on cryptocurrency is shifting drastically, as they are considering introducing Yuan-backed stablecoins to expand global use for the yuan. This move signifies a major departure from […]
China to Legalize Yuan-Pegged Stablecoins by 2025: Impact on Global Crypto Markets
China’s State Council is preparing to legalize yuan-pegged stablecoins by August 2025, a significant shift in its regulatory approach to cryptocurrencies following the 2021 ban. This move marks […]
China Easing Cryptocurrency Restrictions: Yuan-Backed Stablecoins on the Horizon
A surprising policy shift may be coming from China. The nation, known for its strict cryptocurrency regulations, is reportedly preparing to ease those restrictions. According to sources close […]
China Considers Yuan-Backed Stablecoins to Boost Currency Internationalization
Amid increasing geopolitical tensions in the digital finance space, China is exploring the use of yuan-backed stablecoins to enhance global currency usage. According to Reuters, this move comes […]
China Set To Legalize Yuan-Pegged Stablecoins, Challenging Global Currency Dominance
China is poised to overturn its long-standing crypto ban by granting legal approval for yuan-pegged stablecoins before the end of August, according to Reuters. This move would mark […]
China Proposes Yuan-Backed Stablecoin for Global Financial Integration
China is exploring a new approach to fostering global financial integration by potentially introducing a yuan-backed stablecoin in Hong Kong. This proposal comes from tech giants who are […]
Baidu Shifts Focus to AI Amidst Economic Slowdown, Revenue Declines
Chinese tech giant Baidu revealed a slowdown in revenue for its second quarter, attributing it to shrinking ad budgets as the Chinese economy slows. The company noted that […]
China Seeks to Counter US Dollar Control with Yuan-Backed Stablecoins
Beijing’s plans are a significant policy shift, aiming to bolster the yuan’s position in global finance. According to sources familiar with the matter, China is preparing to approve […]
China to Consider Yuan-Backed Stablecoins: Major Policy Shift
China, known for its strict stance on cryptocurrencies, is reportedly considering allowing yuan-backed stablecoins, potentially marking a major policy shift. According to sources familiar with the matter, China’s […]
Shanghai and Shenzhen Stock Exchanges Hit Combined Market Value of Over 100 Trillion Yuan
The Shanghai Stock Exchange and the Shenzhen Stock Exchange have surpassed a significant milestone, achieving a combined market value exceeding 100 trillion yuan. As of August 20, 2025, […]
PBOC Launches Massive Liquidity Boost for Chinese Bond Market
Facing a looming liquidity crisis due to $4,000 billion of short-term debt maturing this year, the People’s Bank of China (PBOC) intervened with an unprecedented monetary response. In […]
China Lifts Export Restrictions on Rare Earth Magnets for India
China has lifted export restrictions on rare earth magnets bound for India, as a strategic move to improve relations between the two countries. This decision follows China’s diplomatic […]
Chinese Embassy Issues Warning Against New Cryptocurrency Scam in Maldives
The Chinese Embassy in the Maldives has issued a warning following a recent announcement by the Maldives Police Service about a new cryptocurrency scam targeting foreigners, specifically Chinese […]
Henan Delays Local Crypto Legislation, Citing National Regulation
Henan Province has deferred local legislation on virtual currencies due to the ongoing national efforts in developing a comprehensive crypto asset framework. This decision follows the Ministry of […]
China Merchants Bank Unveils New Crypto Exchange in Hong Kong
China Merchants Bank International (CMBI) has joined forces with Hex Trust, a fully licensed custodian for digital assets, to launch a new crypto exchange platform in Hong Kong. […]