Hua Xia Bank, a Chinese financial institution with government ties, has issued 4.5 billion yuan ($600 million) worth of tokenized bonds on Wednesday. This move seeks to simplify […]
China Tightens Crypto Control: Crackdown Prompts Digital Yuan Surge
China is taking decisive action to control its cryptocurrency landscape, focusing on promoting the digital yuan while tightening restrictions. Recent seizures of Bitcoin and other crypto assets have […]
China Tightens Control of Virtual Currencies, Promoting Digital Yuan
China’s central bank, the People’s Bank of China (PBOC), has reaffirmed its stance against virtual currencies, emphasizing their illegality and risks. The PBOC’s recent meeting underscored the lack […]
China’s Push for Digital Yuan Payment Integration Expands
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 […]