Peoples Bank of China News

The latest announcement from the People's Bank of China follows months of flip-flopping on privately issued yuan-pegged stablecoins.

In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform.

A Coinbase executive said changes to the GENIUS Act could weaken US dollar stablecoins as China moves to boost the digital yuan by allowing interest-bearing wallets.

China’s central bank will let banks pay interest on digital yuan wallets from Jan. 1, 2026, reshaping e-CNY as deposit-like money as the US bans CBDCs.

HKEX published a post-hearing information pack for HashKey Holdings, pushing Hong Kong’s top crypto exchange closer to a high-profile IPO.

The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins.

Ant Group filed to trademark “Antcoin” in Hong Kong through a Cayman Islands subsidiary while Beijing intensifies its crypto crackdown.

Growing optimism surrounding a potential trade deal is the main catalyst for a recovery in investor sentiment ahead of Thursday’s tariff meeting, industry watchers told Cointelegraph.

Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong after Beijing regulators raised concerns over private firms issuing digital currencies.

BitMEX co-founder Arthur Hayes argued Bitcoin cycles are driven by monetary policy rather than timing, and something’s very different this time around.

Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight.

China launched a digital yuan operations center in Shanghai focused on cross-border payments, blockchain services and digital-asset platforms.

China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters.

Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues.

Chinese regulators ordered local firms to halt seminars and research on stablecoins, citing concerns over potential fraud and herd-driven speculation.