4 h. ago Europe’s summer from hell, China’s stablecoin dilemma: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

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4 h. ago Europe’s summer from hell, the future of air combat: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

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19 h. ago China’s stablecoin bind: why US dollar tokens matter – and how Beijing may respond

Once a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come. In July, US President Donald Trump signed the GENIUS Act into law, establishing the first federal regulatory regime for stablecoins – a move many believe could pave the way for mass-market adoption. Shortly after, Hong Kong introduced its own ordinance, which took effect on August 1, requiring...

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19 h. ago ‘Summer of stablecoins’: how will China respond to US dollar’s crypto surge?

Once a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come. In July, US President Donald Trump signed the GENIUS Act into law, establishing the first federal regulatory regime for stablecoins – a move many believe could pave the way for mass-market adoption. Shortly after, Hong Kong introduced its own ordinance, which took effect on August 1, requiring...

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8 d. ago Former China central bank chief challenges need for stablecoin adoption

Former China central bank chief challenges need for stablecoin adoption  The Block

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8 d. ago Why have stablecoins triggered caution from former China central bank governor?

Former Chinese central bank governor Zhou Xiaochuan has urged a more measured tone amid a global surge of interest in stablecoins, calling for a “multidimensional assessment” of their genuine utility and the systemic risks they may pose. The United States and Hong Kong are rolling out regulatory frameworks for the asset, and speculation has been growing about the likelihood of Beijing following suit by introducing yuan-backed stablecoins in a bid to further internationalise its currency. “We...

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8 d. ago Former PBOC Chief Zhou Pushes Back Against China Stablecoin Idea

Former PBOC Chief Zhou Pushes Back Against China Stablecoin Idea  Bloomberg.com

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2 w. ago China’s stablecoin push raises questions on dollar dominance and market trust

China’s stablecoin push raises questions on dollar dominance and market trust  Cointelegraph

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3 w. ago China and America in a stablecoin race that could reshape global finance

China and America in a stablecoin race that could reshape global finance  Lowy Institute

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4 w. ago China cracks down on stablecoin promotions, research and seminars

China cracks down on stablecoin promotions, research and seminars  Cointelegraph

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4 w. ago China tells brokers to halt endorsements of stablecoin, sources say

China tells brokers to halt endorsements of stablecoin, sources say  Reuters

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