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China yuan-backed stablecoin

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CMB International Asset Management and DigiFT launched the CMB International USD Money Market Fund as a tokenized product on Solana, Ethereum, Arbitrum, and Plume. CMB International Asset Management and Singapore-based licensed RWA exchange DigiFT have launched the CMB International USD…

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Chinese regulators are reportedly clamping down on the growing hype around stablecoins, ordering firms to stop promotions around the subject. According to an August 8 Bloomberg report, financial regulators in China have instructed companies to cancel seminars and halt all…

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Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. In a recent article by the Financial Times, its been revealed that Chinese officials…

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China’s national security agency is calling out the growing trend of projects collecting sensitive biometric data like iris scans in exchange for digital assets. In a public advisory issued through its official WeChat account on August 6, China’s Ministry of…


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Rumors of a fresh Chinese ban on crypto seem to resurface every year.

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U.S. stocks are mixed as initial enthusiasm over the U.S.-EU trade deal died down.

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A Beijing court has sentenced seven people over a crypto laundering case involving $20 million in stolen funds, raising fresh questions about how China might tighten its stance on digital assets. According to local reports, at the center of the…

Opinion
While politicians do their politicking and regulators do their regulating, crypto users should keep calm and carry on.

Feature
Every day, the media are telling us how various countries take legal steps to embrace cryptocurrency. However, not the entire humanity is moving in the same direction in this regard. On July 14, 2025, Hungary introduced the law turning “unauthorized…

Feature
TRM Labs says North Korean IT workers have laundered millions in USDC and USDT while secretly working for blockchain startups. North Korea continues to rely on crypto to quietly fund its weapons programs and the U.S. government is stepping up…

News
Chinese officials have ordered state-owned digital service providers and financial entities to study the feasibility of launching yuan-pegged stablecoins. According to a recent report from South China Morning Post, insiders say that government officials are currently focusing on the possibility…

News
China lawmakers held a meeting with local government officials to reevaluate its stance on digital assets, more specifically stablecoins and cryptocurrency. The government is being urged to consider yuan-based stablecoins amid the ban on crypto. According to a recent report…

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Ant Group’s international arm is reportedly planning to adopt Circle’s USDC stablecoin once it meets full U.S. regulatory compliance. Editor’s note: This article has been updated to include a social media post from Wu Blockchain that call into question the…


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The bankrupt exchange’s latest proposal to waive creditor settlements in certain regions has drawn legal resistance from a group of Chinese users. On July 8, 2025, FTX creditor Weiwei Ji filed an objection in the Delaware Bankruptcy Court, representing 300…

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U.S. stocks opened flat on Tuesday as traders looked for gains following President Donald Trump’s delay of sweeping reciprocal tariffs and as China warned against a rekindling of trade tensions. The Dow Jones Industrial Average was largely flat as the…