China banned unauthorized yuan-pegged stablecoins and related tokenized assets to protect monetary sovereignty. The post China Bans Unapproved Yuan-Pegged Stablecoins Abroad to Protect Currency Stability appeared first on Cryptonews…
China Bans Unapproved Yuan-Pegged Stablecoins Abroad to Protect Currency Stability Read More »
Last updated: May 17, 2024 03:37 EDT | 1 min read The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability. In an interview with 21st Century Business Herald, Wen Yang addressed the fragmentation in CBDC systems due to
SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems Read More »
Last updated: May 16, 2024 07:24 EDT | 2 min read China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans. On May 15, the Chengdu Municipal Public Security Bureau announced the detection of a huge underground bank operation in a press release. This was the culmination of an
China Police Uncover $2B USDT Underground Banking Operation Read More »
Last updated: May 8, 2024 07:48 EDT | 1 min read China, known for its significant share of the global cryptocurrency mining industry, has been grappling with the environmental ramifications of its burgeoning blockchain sector. With concerns over carbon emissions and energy consumption on the rise, regulatory bodies are under pressure to address these issues.
AI Predicts China Will Ban High-Energy Blockchains Read More »
Last updated: April 19, 2024 01:31 EDT | 1 min read The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark
China Opens e-CNY Research Institute, Appoints First Expert Panel Read More »
China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to
3 Reasons China Should Repeal Bitcoin Ban (Opinion) Read More »
Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying customers. Haikou is also known as Coconut City and before the
China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending Read More »
Source: LT/Adobe China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong. The collaboration aims to jointly foster and develop Web 3.0 initiatives within the asset management sector in Hong Kong. Hong Kong Looks to Seize ‘Golden Opportunity’ of Web3 The importance of seizing the
China Asset Management Signs MoU with Hashkey Exchange to Promote Web3 in Hong Kong Read More »
China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC Source: amazing studio/Adobe Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets. Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and
China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC Read More »
