Key Takeaways Crypto trading is fully illegal in mainland China, with strict enforcement and penalties.The government bans ...

China is likely to issue a stablecoin backed by the Yuan currency within the next five years, according to the CEO ...

The pitch is global scale for the yuan, but capital controls, offshore limits and convertibility gaps still stand in the way ...

Jeremy Allaire says a yuan stablecoin could expand China’s global reach as Beijing stays cautious and Hong Kong advances ...

President Donald Trump said he wants to ensure the United States remains the world leader in crypto, warning that China is trying to seize control of the industry. In an interview on CBS on Sunday, ...

China has moved from piecemeal restrictions to a sweeping prohibition that treats every form of cryptocurrency activity as illegal, explicitly pulling stablecoins into the dragnet. The shift turns ...

China has drawn a bright red line under its long running campaign against private digital money, declaring that cryptocurrencies and stablecoins have no legal status and cannot function as money in ...

Harvard economist Kenneth Rogoff says China's yuan will become a reserve currency within five years as nations rush to diversify.

USDC issuer Circle Internet Group (NYSE:CRCL) expects China to launch a Chinese Yuan-backed stablecoin in the coming years.

Economist Peter Schiff questioned on Wednesday President Donald Trump’s push to make the U.S. the “world capital” of Bitcoin (CRYPTO: BTC), arguing that Beijing couldn’t care less about the leading ...

Tesla billionaire Elon Musk has teased the crypto community with his “true currency” just as his X platform gears up to “fix” ...