China
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
World's Second-Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin
China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China's Capital
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.
Shanghai, Hong Kong Stock Exchanges Pause Ant Group IPO Over Regulatory Concerns
Ant Group's IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China's regulatory environment for fintech firms.
Huobi Denies Rumors a Senior Executive Was Arrested
Huobi said Monday the rumors alleging one of its senior executives had been arrested were false.
PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
China's president said the nation should proactively participate in setting the international framework.
China’s Coronavirus Outbreak Prompts Blockchain Adoption for Charity
China’s banking and digital payment giants are using blockchain technology to add transparency to charity organizations' donation distribution networks.
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.
