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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…
News
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…
USDC
USDC
News
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…
BTC
Bitcoin
News
Mai Gang, the first investor of global Chinese toy giant Pop Mart talks about how he holds a ‘special fondness for Bitcoin’ despite the ban on cryptocurrency in his home country. In an interview with Xiao Yuzhu FM, the angel…
BTC
Bitcoin
News
China’s regulatory watchdog has sounded the alarm on scams and fraud tied to stablecoins and digital assets, just as public interest starts to pick up. In a statement on July 7, 2025, the Shenzhen Municipal Task Force for Preventing and…
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China is expanding its CBDC pilot program to its free trade zones.
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China’s leading tech giants JD.com and Ant Group are actively lobbying Chinese regulators as part of a push to counter the U.S. dollar’s growing digital dominance. Both companies have urged the People’s Bank of China to authorize the issuance of…
USDT
Tether
Follow-up
As Washington rolls out stablecoin rules, voices in Beijing are warning it’s time to catch up, or risk being left behind. Beijing might finally be warming up to stablecoins, but not without hesitation. In a sign that China may be…
News
Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins. In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors…
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Shanghai’s new e-CNY operations center is China’s answer to the stablecoin-led disruption of cross-border finance, signaling that the digital yuan isn’t just for domestic trials anymore, but for an open audition on the global economic stage. On June 18, People’s…
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Three Chinese firms that control more than 90% of Bitcoin mining hardware market are reportedly setting up manufacturing hubs in the U.S. as direct result of President Trump’s tariff war. According to a recent report by Reuters, the world’s top…
BTC
Bitcoin
News
With a push for stablecoin licenses worldwide, JD.com Chairman Liu Qiangdong wants fiat-pegged tokens to do what banks can’t: settle in seconds. His vision calls for 10-second settlements across continents, anchored in licensed stablecoins and JD’s own e-commerce empire. Technology-driven…
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China’s most popular crypto card payment service, Infini, has declared to shut down all their card services and focusing more on financial management for the future. According to a Telegram notice, starting from June 17 all of Infini’s card payment…
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Ant International is accelerating its global pivot with plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Ant International — the global arm of Jack Ma-backed Ant Group Co., an affiliate of Alibaba Group and operator of…
BTC
Bitcoin
News
U.S. stocks held steady Tuesday as a second day of trade talks between the U.S. and China got underway in London. The Dow Jones Industrial Average gained 0.25%, or 105.11 points whille the S&P 500 gained 0.55%. The Nasdaq index…
