In a sweeping regulatory crackdown, the People’s Bank of China (PBOC), alongside a coalition of top state agencies, has formally banned the issuance of yuan-linked stablecoins and sharply curtailed real-world asset (RWA) tokenization

Once a pilot, the China-led multi-CBDC platform is scaling fast—revealing how the digital yuan is emerging as the dominant currency on new cross-border payment rails.

China’s former digital yuan architect, Yao Qian, is facing serious corruption charges after Chinese state media revealed that he allegedly accepted more than $8 million in crypto bribes while holding senior regulatory positions.

China is preparing to introduce interest within its commercial banks, allowing investors to earn interest for their digital yuan (e-CNY) starting Jan 1, 2026. This marks a decisive shift for E-CNY, as it is no longer just a digital substitute for cash but a deposit-like monetary instrument embedded in the formal banking system.

China has reportedly stepped in to halt stablecoin initiatives by Ant Group and JD.com in Hong Kong, reigniting the debate over who holds the “right of coinage” in the world’s second-largest economy.

China opened a digital yuan operations hub in Shanghai to oversee cross-border payments and blockchain platforms. The centre launched new systems for cross-border transactions, blockchain services, and digital assets.

China is actively seeking to challenge the dominance of the US dollar as the world’s primary reserve currency, with a strategic push to extend the digital yuan’s role in both domestic transactions and cross-border payments.

China has shaken the very foundation of global finance, by launching its full-scale digital RMB cross border settlement system that is now seamlessly connected to ten ASEAN nations and six Middle Eastern countries through blockchain.

In a surprising twist of events, China seems to be changing its tune on Bitcoin. While the country has been known for its restrictive stance on cryptocurrencies, recent legal developments suggest a potential shift in perspective.

Industrial Bank promotes digital yuan adoption with carbon points, aligning with China's green finance goals.