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According to figures from the Chinese General Administration of Customs, trade between China and Russia reached its highest point in July, despite the threat of secondary tariffs on Russian oil purchases. China is one of the largest purchasers of Russian crude. China-Russia Bilateral Trade Numbers Hit $19.14 Billion in July Bilateral trade between China and … Read more
Huajian Medical (Hong Kong: 1931), a Chinese medical diagnostics provider, has reportedly launched its “Global Enhanced Ethereum Treasury with Downward Protection Mechanism” strategy, aiming to position ETH as its core reserve asset. This initiative seeks to establish the company as a leader in the Hong Kong stock market and on a global scale in terms … Read more
A newly published report says Chinese regulators have told local brokers and think tanks to halt publishing research or holding seminars that promote stablecoins. Beijing’s Stablecoin Experiment Ends in a Hard Stop This week, accounts from the Financial Times (FT) and Bloomberg offered a layered look at Beijing’s shifting posture on the asset class. Early … Read more
According to unnamed sources speaking with the Financial Times, China may be quietly tinkering with stablecoins even as it enforces its cryptocurrency ban and rolls out its central bank digital currency (CBDC). Behind Closed Doors, Regulators Weigh Stablecoin Fix for Money Rush Over the past decade, China has rolled out a series of bans on … Read more
The Chinese Ministry of National Security has issued a warning regarding the potential risks associated with biometric recognition technology, highlighting concerns over data security and privacy. The ministry emphasized that while biometric systems, such as facial recognition, iris scanning, and fingerprint scanning, offer convenience in daily life, improper data management could lead to significant leaks … Read more
UCAR and Iotex Collaborate on Real-World Asset Tokenization UCAR Partners With Iotex A China-based electric vehicle (EV) company named U Power Limited (Nasdaq: UCAR) has joined forces with decentralized physical infrastructure (DePIN) firm Iotex to tokenize its network of battery swapping and charging stations, according to a Wednesday press release provided to Bitcoin.com. Battery swapping … Read more
Paypal has launched a new platform aimed at connecting various payment systems with its digital wallets, allowing users to shop internationally without conversion fees or delays. Expanding Global Reach Fintech giant Paypal has collaborated with global payment leaders to introduce Paypal World, a new platform designed to connect popular payment systems with its digital wallets. … Read more
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved in China’s Belt and Road Initiative. Conflux has partnered with fintech firm Anchorx … Read more
According to data released by the U.S. Treasury, China has sold off more of its U.S. Treasury holdings, bringing its current total to $756.3 billion, the lowest level since March 2009. While some may not consider this significant, it marks the third consecutive month of declines, signaling a new trend amid ongoing trade war concerns. … Read more
China Merchants Bank’s CMB International Securities has reportedly become the first mainland China-affiliated brokerage to secure a virtual asset licence from Hong Kong’s Securities and Futures Commission. This approval enables CMBI to legally offer cryptocurrency trading, custodial support, and digital asset advisory services within Hong Kong’s tightly regulated framework. Authorities reaffirmed their commitment to becoming … Read more
