• China expands CBDC use with Hua Xia’s tokenized bond sale to digital yuan holders.
• Regulators intensify scrutiny on crypto trading and highlight stablecoin compliance risks.
• State banks intervene in FX markets as yuan strengthens and digital-yuan oversight increases.

China’s push to upgrade its digital-asset market entered a new phase this week after Hua Xia Bank sold 4.5 billion yuan ($600 million) in tokenized, government-linked bonds to digital-yuan users. At the same time, regulators restated countrywide limits on cryptocurrency trading and renewed warnings over stablecoin activity, signaling a sharper split between state-backed rails and private tokens.

The moves fit Beijing’s effort to expand state-sanctioned blockchain applications through the digital yuan and permissioned networks, even as it leans harder against renewed speculation in privately issue…

Read The Full Article Tokenized Finance Advances in China With Hua Xia’s $600M Bond Sale in Digital Yuan On Coin Edition.

• China expands CBDC use with Hua Xia’s tokenized bond sale to digital yuan holders.
• Regulators intensify scrutiny on crypto trading and highlight stablecoin compliance risks.
• State banks intervene in FX markets as yuan strengthens and digital-yuan oversight increases.

China’s push to upgrade its digital-asset market entered a new phase this week after Hua Xia Bank sold 4.5 billion yuan ($600 million) in tokenized, government-linked bonds to digital-yuan users. At the same time, regulators restated countrywide limits on cryptocurrency trading and renewed warnings over stablecoin activity, signaling a sharper split between state-backed rails and private tokens.

The moves fit Beijing’s effort to expand state-sanctioned blockchain applications through the digital yuan and permissioned networks, even as it leans harder against renewed speculation in privately issue…

Read The Full Article Tokenized Finance Advances in China With Hua Xia’s $600M Bond Sale in Digital Yuan On Coin Edition.