Yuan-Pegged Stablecoins On The Horizon As Beijing Rethinks Policy
Beijing is weighing a plan that could let yuan-backed stablecoins be used more widely outside China. The move would be ...
Tag: Digital Yuan
Digital Yuan Goes Cross-Border: Hong Kong Unveils e-CNY Wallets For Local Users
In a significant move towards enhancing digital currency use, Hong Kong residents can now set up personal digital yuan or ...
China Takes Down $295M Crypto Underground Bank: Beginning Of A Bigger Crackdown?
Chinese law enforcement has disrupted a covert banking network that leveraged cryptocurrencies to execute unauthorized foreign exchange transactions totaling around ...
China’s Digital Yuan: A Currency No One Wants To Use?
China's ambitious plan for a central bank digital currency (CBDC), the e-CNY or digital yuan, is facing a test of ...
CBDC: Chinese Digital Yuan Records $250 Billion In Transactions
China's digital yuan has witnessed tremendous growth as the central bank ramps up its CBDC pilot in the last one-and-a-half ...
Chinese Police Seize $160 Million Worth of Crypto In Cross-Border Gambling Crackdown
Chinese authorities have announced the country's first-ever case of cryptocurrency confiscation through a court ruling. Related Reading: 78% Of Bitcoin ...
Stablecoin Or CBDC: Circle CEO Proposes The Better Option For China
The CBDC quest has continued soaring as many countries move to launch it. According to a CBDC tracker, Atlantic Council, ...
Singapore’s DBS Bank Debuts Digital Yuan Payments For Chinese Merchants
DBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce ...
