Crypto prices remain depressed due to macroeconomic and geopolitical uncertainty, despite interest rate cuts and positive trade news. US Treasury Secretary Scott Bessent said on Thursday that the US would suspend restrictions designed to limit access to Chinese companies buying technology that the US government considers sensitive. The eased restrictions were given in exchange for China agreeing to suspend its export controls on rare earth minerals used in electronics and military defense applications, according to Reuters. Bessent’s announcement follows several weeks of softening trade tensions between the two countries, which is normally a positive catalyst for crypto prices. Read more
China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more
China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more
China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more
China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more
China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more