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China’s central bank vows to stamp out ‘illegal activities’ like trading in stablecoins

Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing to stamp…

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New Business

Opinion | China needs high-quality financial development to support its five-year goals

President Xi Jinping’s speech at the fourth plenum of the Communist Party’s Central Committee last month outlined the guidelines for…

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New Business

Solana event in China cut short as Beijing’s stablecoin warning sparks unease

A Solana-themed event in southern China that was cut short after a local policy inquiry has raised concerns in the…

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New Business

China doubles down on crypto crackdown as central bank vows to expand digital yuan

China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing…

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New Business

China’s central bank to cut reserve ratio again to add liquidity, aid growth: analysts

China’s central bank is expected to further cut the amount of cash that commercial banks must hold as reserve by…

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