China is making significant strides towards modernizing its financial infrastructure by promoting the use of digital payments across borders. The People’s Bank of China (PBC) is actively expanding […]
Shanghai Pudong Bank Expands Digital Yuan Infrastructure with New Recruitment
Shanghai Pudong Development Bank (SPDB) has announced a recruitment drive for digital yuan technical roles in Chengdu, China. This move aims to strengthen the nation’s digital currency infrastructure […]
China Paves the Way for Global Digital Currency Adoption with New RMB Cross-Border Strategy
The People’s Bank of China (PBOC) has unveiled a comprehensive internationalization strategy for its digital currency, the e-renminbi (e-RMB), aiming to solidify its global presence in digital finance. […]
China Tightens Control Over Digital Money with Stablecoin Halt
China has taken a firm stance on digital finance once again. Tech giants Ant Group and JD.com have paused their stablecoin projects in Hong Kong following directives from […]
China Tightens Crypto Control: Shift to Digital Yuan
China has enacted a comprehensive ban on cryptocurrency activities, effectively ending the country’s prominent role in the global crypto market. The shift now focuses on promoting the digital […]
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’s Digital Yuan Takes Global Steps: How It’s Challenging SWIFT
China is aggressively pushing its digital yuan (e-CNY) across international borders, leveraging technological advancements and ambitious policy initiatives to challenge traditional financial systems. A recent report highlights the […]
China Embraces Digital Yuan as US Tariffs Impact Economy
The recent imposition of hefty tariffs by the United States on Chinese goods has sparked a significant decline in the yuan’s value. As a result, China is bolstering […]