Conflux to Launch Offshore Yuan Stablecoin, CFX Jumps 57%
China’s Conflux Network plans to issue an offshore yuan-pegged stablecoin in partnership with AnchorX and Eastcompeace Technology, per a Shanghai government report.
China to Boost Digital Yuan’s Global Role with New Shanghai Hub
China’s central bank will open an international operations center in Shanghai to expand the digital yuan’s (e-CNY) global presence.
PBoC Highlights Crypto Regulation in its Annual Financial Stability Report
In its annual financial stability report, the People’s Bank of China emphasized the regulation of cryptocurrency.
Former Binance CEO Says China Will Build a Bitcoin Reserve
Changpeng Zhao, the former CEO of Binance, spoke at the Bitcoin MENA conference held in Abu Dhabi about the likelihood of China establishing a strategic reserve of Bitcoin.
Conflux and China Mobile’s Migu Debut World’s First Blockchain-Based Video Ringtone
New York, United States, 21st August 2024, Chainwire
Hong Kong Will Test e-CNY as a Means of Payment
China’s central bank, the People’s Bank of China, is slowly expanding the scope of testing for the country’s digital currency (CBDC).
Chinese Newspaper Announces NFT Platform Launch
China Daily, a newspaper headquartered in China that is owned by the Publicity Department of the Chinese Communist Party, has announced plans to create its own metaverse and platform for NFTs.
