China is taking a significant step towards expanding its global financial presence by exploring the use of yuan-backed stablecoins for international trade. The initiative, still in its early […]
China Eyes Yuan-Based Stablecoin to Challenge US Dollar Dominance
The People’s Republic of China is exploring the launch of a yuan-based stablecoin as part of a strategy to expand its currency’s global presence. The State Council, China’s […]
China Cracks Down on Nvidia H20 Chips Following US Remarks
Following remarks by US Commerce Secretary Howard Lutnick, China has taken action to limit the sale of Nvidia’s H20 AI chip. Three government agencies responded to Lutnick’s comments […]
China Seeks to Supercharge Cross-Border Trade with Yuan-Backed Stablecoins
China’s push to enhance its global financial influence is gaining momentum, centered on yuan-backed stablecoins. The country aims to position the yuan as a prominent player in international […]
Beijing Court Sentences Defendant for USDT Money Laundering
A recent ruling by the Beijing Second Intermediate People’s Court highlights China’s continued crackdown on cryptocurrency-related illegal activity. Liu was sentenced to three years and six months in […]
China Eyes Yuan-Backed Stablecoins as Policy Shifts
China is exploring the possibility of authorizing yuan-backed stablecoins, potentially signaling a significant policy shift in digital currency regulation. This move comes after years of stringent cryptocurrency restrictions, […]
China Unveils Yuan-Backed Stablecoin Pilot: Global Finance in Flux
China’s pilot program for a yuan-backed stablecoin is poised to reshape global finance, challenging the U.S. dollar’s dominance in cross-border payments. The People’s Bank of China (PBOC) is […]
China Aims to Challenge US Dollar Dominance with Yuan-Backed Stablecoins
China is poised to challenge the US dollar’s dominance in global trade settlements with the launch of yuan-backed stablecoins, a move that could reshape financial landscapes. The State […]
Hong Kong Paves Way for Yuan-Backed Stablecoins to Facilitate International Payments
China’s State Council is set to review a new plan this month that aims to increase the international use of its yuan through stablecoins. The initiative specifically targets […]
China Pushes Yuan-Backed Stablecoins for Global Currency Expansion
China is preparing to launch yuan-backed stablecoins, marking a significant policy shift that aims to bolster the renminbi’s international prominence and challenge US dominance in digital fiat currencies. […]
China Pursues Yuan-Backed Stablecoins for Global Financial Expansion
China’s State Council is poised to approve the use of yuan-backed stablecoins, marking a significant step towards strengthening the global role of the Chinese yuan. This move aims […]
China Considers Greenlighting Yuan-Pegged Stablecoins for Global Adoption
China is taking a more active stance in the stablecoin market, with reports suggesting they may soon authorize yuan-pegged stablecoins for global use. This decision comes as the […]
China mulls first Yuan-Pegged Stablecoin: Could shift global payment flows
Amid a growing international push for stablecoins tied to the US dollar, China is considering allowing the use of yuan-backed stablecoins for the first time. This move would […]
Russia-China Oil Trade: Downward Trend Despite Summer Bump
Despite a brief summer spike, Russia’s oil deliveries to China have continued to decline in 2025, driven by global trade tensions and the threat of US tariffs. Recent […]
China Approves Yuan-Backed Stablecoins: Impact on Global Crypto Market
China is set to potentially approve yuan-backed stablecoins, a significant move with far-reaching implications for the global crypto market. This policy shift marks a departure from China’s previous […]