Tag: China
China Explores Yuan-Backed Digital Assets to Boost Currency Internationalization
Reading time: < 1 minuteIn a significant strategic pivot, Chinese financial authorities are reportedly considering the authorization of stablecoins pegged to the Chinese yuan.
China Warns Crypto-Powered Iris Scans Could Be Used for Espionage
Reading time: < 1 minuteChina has escalated its warnings against cryptocurrency-linked biometric data collection, suggesting it could be exploited for foreign intelligence operations.
China Tests the Waters with Yuan-Backed Stablecoin via Conflux Blockchain
Reading time: < 1 minuteChina is quietly advancing its digital currency ambitions through blockchain technology, with state-backed Conflux Network leading the charge.
China to Expand Digital Yuan Worldwide
Reading time: < 1 minuteChina is ramping up efforts to promote its central bank digital currency (CBDC) worldwide, with PBoC Governor Pan Gongsheng announcing a new Shanghai-based international operations center for the digital yuan.
Chinese Local Governments Selling Seized Crypto
Reading time: < 1 minuteChina is currently considering how to manage the billions of dollars in cryptocurrencies confiscated from illicit activities.
China Introduces Stricter Crypto Regulations
Reading time: < 1 minuteChina has strengthened regulations to control the use of cryptocurrencies, with the State Administration of Foreign Exchange (SAFE) requiring banks to monitor and identify risky trades involving digital assets.
China’s PBoC Highlights Crypto Regulation in Annual Report
Reading time: < 1 minuteThe China Financial Stability Report (2024) from the People’s Bank of China (PBOC) has been released, providing insights into the country’s financial stability strategies and economic advancements in the past year.
China Should Build a Bitcoin Reserve: CZ
Reading time: < 1 minuteChangpeng “CZ” Zhao, the former CEO of Binance, has predicted that China might become one of the first nations to establish a strategic Bitcoin reserve.
Former Chinese Finance Minister Says Crypto Sector Should Receive More Attention
Reading time: < 1 minuteWhile speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to thoroughly examine the developments in cryptocurrency.
China to Introduce AML Law for Fintech Firms
Reading time: < 1 minuteLawmakers in China are considering changing a previous law aimed at combating money laundering in order to effectively “monitor” and analyze the potential for money laundering through new financial technologies, including cryptocurrencies.
