Tag: China

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China expands crypto crackdown to stablecoins, asset tokenization

Chinese regulators have broadened their crackdown on crypto activities, imposing strict oversight on tokenization and stablecoin issuance in a Friday notice."Recently, influenced by various...

BTC hashrate drops 12% in worst drawdown since China mining ban

Bitcoin mining activity has taken its biggest hit since late 2021 after a severe winter storm in the United States forced several large mining...

Thunes and UnionPay International Launch Instant Transfers to Mainland China

Thunes, the global payment infrastructure company, has deepened collaboration with UnionPay International (UPI) to launch faster, more transparent payments directly into mainland China.The partnership...

China Fixes Strong Yuan, Bets on Continued Weak‑Dollar Policies

China has fixed the yuan at its strongest level since 2023, betting on continued U.S. policy that keeps the dollar weak. According to Xinhua,...

Trump Flip‑Flops on Canada’s China Trade Deal, Threatens 100% Tariffs if It Passes

Using Truth Social, President Donald Trump warned Canada that if it became a “drop‑off port” for Chinese goods entering the United States, he would impose 100 %...

US Has to ‘Make it so that China Doesn’t Get the Hold‘ of Crypto

US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations...

China Continues to Shed US Treasuries, Reaches Lowest Exposure Levels Since 2008

Data released by the U.S. Treasury confirms that China’s holdings of U.S. debt fell by $6.1 billion, reaching its lowest exposure levels since 2008....