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Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
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Visiting Beijing For The First Time? 7 Best Things You Must See
If you want to experience a mix of modern and ancient Chinese cultures, Beijing, the capital city, is the place to be.
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China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
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Donald Trump Feels The Heat From A Rising BRICS+, Threatens 100% Tariff
Donald Trump has sniffed trouble brewing afar against the United States - one that may topple the US's position as a dominant global power and end Washington's ability to impose economic sanctions against those it deems fit for the case.
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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
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"Go Find Another Sucker": Trump's Big Warning For India, China, Russia
US President-elect Donald Trump has threatened a 100% tariff on the BRICS countries, including India, if they undercut the US dollar or replace it with another currency for international transactions.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
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Anti-Crypto China Forms Standard-Setting Body for Metaverse, Huawei and Tencent Join Team
China is planning to conduct thorough research around the potential applications and possibilities of manufacturing and communicating using the metaverse. This shift in the country’s focus comes after its Ministry of Industry and Information Technology (MIIT) unveiled an ambitious three-year action plan for the industrial innovation and developme...
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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
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RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
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Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
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Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
-
Visiting Beijing For The First Time? 7 Best Things You Must See
If you want to experience a mix of modern and ancient Chinese cultures, Beijing, the capital city, is the place to be.
-
China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
-
Donald Trump Feels The Heat From A Rising BRICS+, Threatens 100% Tariff
Donald Trump has sniffed trouble brewing afar against the United States - one that may topple the US's position as a dominant global power and end Washington's ability to impose economic sanctions against those it deems fit for the case.
-
BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
-
"Go Find Another Sucker": Trump's Big Warning For India, China, Russia
US President-elect Donald Trump has threatened a 100% tariff on the BRICS countries, including India, if they undercut the US dollar or replace it with another currency for international transactions.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
-
Anti-Crypto China Forms Standard-Setting Body for Metaverse, Huawei and Tencent Join Team
China is planning to conduct thorough research around the potential applications and possibilities of manufacturing and communicating using the metaverse. This shift in the country’s focus comes after its Ministry of Industry and Information Technology (MIIT) unveiled an ambitious three-year action plan for the industrial innovation and developme...
-
Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
-
RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
-
Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
-
Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
