Search results for digital yuan
Crypto
China\'s top court looks at standards for crypto, AI disputes while keeping ban
China\'s top court is reviewing trial standards for disputes involving cryptocurrencies, cross-border finance and artificial intelligence as it overhauls its framework for digital-economy cases. The move is seen as refining judicial criteria for recurring digital-asset disputes under an unchanged ban on crypto trading and mining. The court is also studying protection rules for AI-generated content and data rights. China has reiterated continued restrictions on crypto while accelerating expansion of the state-led digital yuan.
Crypto
Stablecoins gain momentum as battle for digital payments ecosystem intensifies
A global contest over digital currencies is gathering pace as stablecoins expand beyond crypto markets into payments and remittances. The United States is moving to fold stablecoins into federal regulation, while the European Union and Japan are taking more restrictive approaches aimed at financial stability. South Korea has begun debating rules for won-linked stablecoins, while the Bank of Korea is pushing ahead with its CBDC and deposit-token pilot, Project Hangang, amid concerns over monetary policy and user protection.
Crypto
Bitcoin and dollar in symbiosis; GENIUS Act framework should not be undermined
A claim has emerged that demand for the U.S. dollar rises as bitcoin and dollar-pegged stablecoins spread, forming a symbiotic relationship. Sam Lyman of the Bitcoin Policy Institute cited the dominance of the BTC/USD pair and the central role of Tether\'s USDT, backed by cash-like assets and short-term U.S. Treasuries. He compared the dynamic to the petrodollar era and urged U.S. lawmakers to keep developing the GENIUS regulatory framework without straying from core principles.
