As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.

Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of ...

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

CFR warns USD stablecoins threaten China’s sovereignty, prompting Beijing to develop state-controlled digital alternatives.

China’s top leadership could hold a meeting to discuss stablecoins by the end of this month, according to a report published ...

China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered ...

China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to ...

From why China might be considering the use of yuan-backed stablecoins, to the latest Russia-related sanctions imposed by ...