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Category PBOC

China confirms that all cryptocurrencies and stablecoins have no legal status

China confirms that all cryptocurrencies and stablecoins have no legal status

China’s central bank has reiterated its hardline stance against cryptocurrencies and stablecoins, declaring that all “virtual assets” lack legal st...
UAE completed its first Mbridge CBDC payment with China

UAE completed its first Mbridge CBDC payment with China

The UAE represented by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman ...
PBOC ramps up offshore financing to boost the yuan

PBOC ramps up offshore financing to boost the yuan

The People's Bank of China (PBOC) aims to make the yuan a global funding currency, encouraging companies and financial institutions overseas to bor...
China and South Korea strengthen financial links with $49 billion swap deal

China and South Korea strengthen financial links with $49 billion swap deal

China and South Korea signed a $49 billion (₩70 trillion), five-year currency swap deal.
Hong Kong exchange questions DAT transformation plans of multiple companies

Hong Kong exchange questions DAT transformation plans of multiple companies

Hong Kong Stock Exchange raises concerns over at least five listed firms seeking to transform into digital asset treasury (DAT) entities.