By:
On:
In: China, Cryptocurrency, Stablecoins

China reaffirms its crypto ban, warning stablecoins pose main AML and monetary dangers, whilst underground Bitcoin exercise quietly persists. The PBoC says digital property stay unlawful, criticising stablecoins for weak compliance and emphasising strict enforcement alongside digital yuan enlargement. Regardless of Beijing’s prohibition, crypto use continues covertly whereas regulators spotlightContinue Reading

By:
On:
In: Banking, China, Digital Asset

China’s central bank has launched a new international operation centre in Shanghai, purposed with increasing international adoption of the nation’s digital RMB central bank digital currency. The operations centre was first announced in June by the governor of the People’s Bank of China, Pan Gongsheng, and forms part of aContinue Reading

By:
On:
In: China, Cryptocurrency, Investing

Chinese energy services company Jiuzi Holdings approved a new treasury framework allowing up to US$1 billion of its reserves to be invested in cryptocurrencies, primarily Bitcoin. The investment strategy is designed for long-term storage of value to hedge against macroeconomic uncertainties, not for short-term trading or speculation. Chinese energy servicesContinue Reading

By:
On:
In: Bitcoin, China

Next Technology Holding has filed with the SEC to sell up to US$500 million in common stock, with the proceeds potentially being used for additional Bitcoin purchases. The company, which is China’s largest corporate Bitcoin holder, currently holds 5,833 BTC and is ranked 15th among public treasuries, which now collectivelyContinue Reading

By:
On:
In: Blockchain, China

Ant Group’s enterprise arm is tokenising US$8.4 billion worth of Chinese energy infrastructure, including data from 15 million solar panels and wind turbines, on its proprietary AntChain blockchain. The company has already used tokenisation to finance three clean energy projects, raising US$42 million, and is now exploring listing these tokensContinue Reading

By:
On:
In: China, XRP

Nasdaq-listed Webus International has partnered with Air China to provide travel services and integrate XRP payments for the airline’s 60 million PhoenixMiles loyalty program members. The XRP integration, which is subject to regulatory clearance, is intended to enable faster settlements, tokenised rewards, and blockchain-based vouchers within the travel ecosystem. TheContinue Reading

By:
On:
In: China, XRP, XRPL

Chinese fintech giant Linklogis has partnered with XRP Ledger to move its global digital supply chain finance platform onto blockchain infrastructure. The collaboration will tokenise trade receivables and real-world commerce assets directly on XRPL’s mainnet for faster cross-border settlements. Both parties plan to expand into stablecoin settlements, smart contracts forContinue Reading

By:
On:
In: China, Japan, Stablecoins

Japan is expected to approve its first yen-pegged stablecoin this year through the Financial Services Agency to help stabilise the local financial system. South Korea’s Financial Services Commission plans to introduce a won-pegged stablecoin bill as early as October, working alongside the Virtual Asset User Protection Act. China is reportedlyContinue Reading