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Digital Currency
China is taking the lead in the race to become the first major economy to officially launch a sovereign digital currency, as its ongoing pilot programs have made headlines and its central bank officials have been offering explanations about the issue and what’s behind Beijing’s digital yuan ambitions.
In Depth: China’s Digital Currency Ambitions Lead the World
The future of money is electronic and Beijing wants to own it
China Suggests U.S. Role in $15 Billion Bitcoin Hack
State cybersecurity body alleges U.S. state-sponsored hacker group may have exploited software vulnerability to steal more than 127,000 bitcoins from boss of Cambodian telecom fraud
Tech Brief (Nov. 4): Baidu’s Robotaxi Service Expands to 22 Cities
Amazon and OpenAI sign $38 billion deal, PBOC to explore cross-border payment solutions with digital yuan
China to Unify Rules to Boost Yuan’s Global Use
The move aims to eliminate policy gaps and improve the country’s cross-border payment system
CX Daily: China’s AI Companions Struggle to Turn Intimacy Into Industry
The U.S. and China reach a broad truce to ease trade tensions. China expands a pilot program for easier cross-border trade settlement
Commentary: The Internationalization of the Yuan and the Role of Stablecoins
Even as U.S. policy instability challenges the dollar’s safe-haven status, the yuan has failed to capitalize. While Hong Kong’s stablecoin licensing offers a new path, capital controls and competition from e-CNY remain major obstacles
Hong Kong Pauses Retail E-HKD to Focus on Wholesale Use
The city aims to build an ecosystem where the central bank digital currency can support and interact with privately issued digital money
China Expands Yuan Clearing to First Abu Dhabi Bank in UAE
Move marks deepening financial integration with Gulf nation as bilateral yuan trade surges
China Sets Up New Center in Beijing to Oversee Digital Yuan Operations
The People’s Bank of China aims to create a dual-structure system to guide domestic and international development of the e-CNY
China Charts Path to Financial Stability and Innovation in New Five-Year Plan
The economic blueprint emphasizes building a comprehensive macro-prudential management system, strengthening the capital market beyond stocks, and promoting the “five major articles” of finance
Hong Kong Widens Digital Yuan Use in Retail Payments
Expansion marks the latest push to integrate the e-CNY into daily transactions, as the city serves as a key testing ground for the currency’s cross-border use
China Reaffirms Crypto Crackdown, Ramps Up Digital Yuan Push
People’s Bank of China vows continued enforcement on virtual currency activities, while boosting cross-border infrastructure for state-backed CBDC
Hong Kong Races Ahead of U.S. With First Spot Solana ETF
ChinaAMC’s new fund follows earlier approvals of spot Bitcoin and Ethereum ETFs, spotlighting Hong Kong’s digital asset ambitions
Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset Future
George Chou details the de facto central bank’s efforts to test out asset tokenization, improve cross-border payments, and build a regulatory regime for stablecoin issuers
U.S. Trade Tensions to Overshadow APEC Summit in South Korea
Leaders are gathering amid renewed tariff threats and uncertainty over U.S. President Trump’s participation in the main event
Commentary: Can Japan’s New Premier Fix the Country’s Old Problems
The economy has stagnated for years, hampered by an aging population and a rigid corporate culture. Sanae Takaichi’s new ‘rising sun’ vision will remain a fantasy unless she makes deep reforms
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