China's central bank closed the door on privately issued digital tokens tied to the yuan on Friday, marking the country's ...

China banned unauthorized yuan-pegged stablecoins and related tokenized assets to protect monetary sovereignty.

BRICS members may debate plans to link digital currencies this year. Nations could use shared infrastructure and unified ...

Amid global economic uncertainties, Chinese President Xi Jinping said the country needs to build a ‘strong currency’ and aims ...

Beijing is betting hard on the digital yuan. China is promoting its CBDC on a global stage in 2026. But will it really ...

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, ...

PBOC Bans Unapproved Yuan-Pegged Stablecoins In China. The People's Bank of China (PBOC) and seven regulatory agencies issued a joint statement on Friday prohibiting the unapproved issuance of Renminb ...

BEIJING, Feb 6 (Reuters) - China vowed to further tighten its crackdown on virtual currencies on Friday and banned ...

China’s central bank and seven other regulatory agencies have formally banned the unapproved issuance of yuan-pegged ...

China is continuously taking strict actions against cryptocurrency and bans oversee issuance of Yuan-pegged stablecoins. But, ...

China's central bank and other regulators issued a statement on Friday banning companies from issuing yuan-pegged tokens or ...

China bans unauthorized yuan-linked stablecoins globally, targeting offshore activities while advancing its digital yuan ...