A 28-year-old man in China has been ordered to pay the equivalent of over $17,000 in damages to an airline after he tossed some coins into a plane’s engine for good luck last year. Lu Chao was ...

China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately-owned conglomerates, former People’s Bank of China director Yao ...

The forthcoming digital yuan will reportedly be compatible with major payment networks within the country. Mu Changchun, the head of the People's Bank of China's digital currency research institute, ...

Chinese blockchain developer Conflux has rolled out the third iteration of its public network and announced plans for a stablecoin pegged to the offshore Chinese yuan. Based on a Shanghai municipal ...

The Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on ICOs, ...

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency's use worldwide, in what would represent a significant departure from its previous stance on ...

China's cabinet is weighing approval of a stablecoin backed by the yuan as part of a broader effort to expand the currency's global use and bolster its role in international markets, according to a ...