China’s Central Bank Slams Stablecoins as a ‘Threat,’ Vows Brutal Crackdown China’s unrelenting crusade against cryptocurrencies has sharpened its focus, with the People’s Bank of China (PBoC) branding stablecoins a direct menace to global financial stability. Speaking at the 2025 Financial Street Annual Meeting in Beijing, Governor Pan Gongsheng unleashed a blistering critique, accusing these […]
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China Fortifies Yuan to Near-Year High Amid US Trade War: A Bitcoin Wake-Up Call China has dropped a financial bombshell, setting the yuan’s reference rate at 7.0995 per dollar—the strongest in nearly a year—as the trade war with the United States heats up to a boiling point. This audacious move by the People’s Bank of […]
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China’s Latest Crypto Crackdown: Navigating the Global Impact As 2025 begins, China has escalated its restrictions on the cryptocurrency sector, mandating banks to flag and restrict cross-border crypto transactions. This latest move, categorizing these transactions as high-risk alongside gambling and underground banking, continues China’s long-standing effort to suppress its local crypto market, sending ripples across […]
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