Like a 21st-century space race, the world's biggest economic powers are staking their claim in a little-known digital ...

Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, ...

While stablecoins may offer new tools for advancing China’s monetary ambitions, their decentralised logic sits uneasily with ...

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status ...

Tether and Circle, which went public during a blockbuster IPO, dominate the $250 billion stablecoin market, which is up 22% ...

Beijing may be mulling plans to boost internationalisation of the country’s currency via yuan-backed tokens in Hong Kong. Use ...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

China is considering a shift in its digital asset policy, potentially allowing yuan-backed stablecoins to promote global ...

China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...

India imposes one of the world’s harshest crypto tax regimes: a flat 30% levy on capital gains and a 1% tax deducted at ...

China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability.

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, ...