Digital Yuan's Rise and Tokenization Fall: China's Crypto-Financial Policy Shift News ETHNews

Stablecoin Boom on the Way as China Makes Big Moves

China has been steadily laying the groundwork for one of the largest shifts in global finance: the rollout of its central bank digital currency (CBDC), known as the digital yuan. In recent weeks, pilot programs have expanded to dozens of cities, while cross-border tests with Hong Kong and other Asian financial hubs have accelerated. State media reports suggest transaction volumes through digital yuan wallets are climbing rapidly, signaling growi…

Digital Yuan's Rise and Tokenization Fall: China's Crypto-Financial Policy Shift News ETHNews

The People’s Bank of China opened a digital yuan office in Shanghai to manage cross-border payments using blockchain technology. China’s securities regulator has advised investment firms to halt real-world asset tokenization projects in Hong Kong due to risks. China advances its digital currency project with the opening of a new office in Shanghai. The People’s Bank of China initiated operations this week.  Official statements indicate the cente…

China Opens Digital Yuan Centre to Advance Global CBDC

The PBOC opened a digital yuan centre in Shanghai to expand cross-border payments. China aims to reduce reliance on dollar systems while advancing the yuan in trade. The centre will operate with blockchain and asset platforms to strengthen finance. China has moved to expand its global role in digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for the digital yuan (e-CNY) in Shanghai, a…

China Opens Digital Yuan Center for CBDC Integration

According to latest reports, China has quietly stepped up its efforts to internationalize its central bank digital currency (CBDC), the digital yuan (e-CNY), by officially opening an international operation center in Shanghai. This digital yuan center will facilitate cross-border payments, blockchain services and digital asset platforms. At the same time, Beijing has signaled caution towards offshore tokenization by asking brokerages to pause re…