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News and updates about Cryptocurrency and Blockchain in China

Crypto Retail Boom: Hong Kong’s Shops Thrive Amidst China’s Crypto Ban!

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Hong Kong's crypto retail industry is booming due to China's ban on cryptocurrency transactions and overseas exchanges. Chinese investors are flocking to the city's...

Circle Co-founder Jeremy Allaire Pitches Yuan-backed Stablecoins in China!

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Jeremy Allaire, CEO of Circle, believes that stablecoins pegged to the Chinese yuan could be a better option for the Chinese government’s goal of...

“Presidential Rebuke: Chinese President Criticizes CBDC Development!”

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During the SCO summit, Chinese President Xi Jinping welcomed Iran as a full member and Belarus’ decision to join. He also highlighted the...

Shifting Tides: Central Bank Shake-Up Dampens Hopes for Cryptocurrency Policy Reversal...

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The People's Bank of China (PBoC) has appointed Pan Gongsheng, a known crypto-critic, as the Communist Party's top official. Pan Gongsheng is set to...

DBS Bank Goes Digital: Launches New Payment System to Embrace e-CNY!

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DBS Group China, the mainland subsidiary of Singapore-based DBS Bank, has launched a new payment solution to support China's digital yuan (e-CNY). This solution...

Rise of Pan Gongsheng: PBOC’s Financial Technocrat Takes Charge Amid Growing...

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China has appointed financial technocrat Pan Gongsheng to a top political post at the People's Bank of China (PBOC), signaling growing concerns within the...

Yuan Plunge: BRICS Prepare for Turbulence Ahead!

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The yuan, China’s currency, is on the brink of a 15-year low, sending reverberations through the BRICS alliance. This economic coalition, comprising Brazil,...

Cryptoquake Alert: China’s Impact Looms Large over the Price of Bitcoin,...

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Jeremy Allaire, CEO of the stablecoin issuer Circle, has said that there is "enormous demand" for digital assets in emerging markets, with China and...

Financial Stability: RBI Warns of Stablecoin Threats to EMDEs–Crypto Tax Tips...

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As the Reserve Bank of India (RBI) took up its rotating presidency of the G20 this year, it has sought to shape the global...

Yuan Surger: China’s Currency Shifts Gears!

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The Chinese government has set a stronger-than-expected trading band for its currency, the yuan, and state banks have sold dollars against it in the...