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China launches digital yuan hub in Shanghai
China has taken another step in advancing its state-backed digital currency by launching a digital yuan operations hub in Shanghai.
The new centre will focus...
China finalises Ant Group’s regulatory overhaul with hefty fine
The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.
The People’s Bank of China reportedly looking to collaborate globally to...
The People’s Bank of China (PBOC) is reportedly looking to improve its cross-border cooperation with countries around the world to combat money laundering.
