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Category China

China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening

China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening

A key financial regulator in Shanghai convened a meeting this week to discuss policy responses to stablecoins and cryptocurrencies. The development...
Jack Ma-Backed Ant Group to Integrate Circle’s USDC Stablecoin, Report Says

Jack Ma-Backed Ant Group to Integrate Circle’s USDC Stablecoin, Report Says

Chinese fintech giant Ant Group is reportedly partnering with Circle Internet Group to integrate its USDC stablecoin into Ant’s blockchain platform...
USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network

USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network

The international division of Jack Ma-backed, Chinese tech giant, Ant Group plans to integrate Circle’s USDC stablecoin onto its blockchain network...
Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims

Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims

A group of Chinese creditors is fighting back against their exclusion from the FTX bankruptcy process, as $1.4 billion in claims remain unresolved....
Chinese FTX Creditor Challenges Plan to Block Payouts in Restricted Jurisdictions

Chinese FTX Creditor Challenges Plan to Block Payouts in Restricted Jurisdictions

A Chinese creditor of FTX has pushed back against a proposal that could cut off creditor distributions to users in certain jurisdictions, including...