China pays closer attention to stablecoins as cross-border role expands
A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments.
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QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets
In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the…
QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets
According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial…
China Halts Gold Buying in May, Ending 18-Month Buying Spree
The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value…
Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
China opens industrial park for digital yuan CBDC development in Shenzhen
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
Bitcoin gains legal recognition as digital currency in Shanghai, China
A similar report from another Chinese court in September recognized cryptocurrencies as virtual properties protected by law.
mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified.
Digital yuan integration introduced to Chinese business air travel
The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.
China to expand CBDC use case for Belt and Road Initiative
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC.
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