ChainCatcher news, according to Jinshi Data, the People's Bank of China is publicly soliciting opinions on the "Business Rules for the Cross-Border Payment System of Renminbi (Draft for Comments)." The "Business Rules" clarify the detailed processes for account management, capital injection, and fund settlement for CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust the relevant content of the "Business Rules," only proposing principled requirements for participants' business behaviors to ensure the foresight and scientific nature of normative documents, effectively adapting to the needs of CIPS business development and functional upgrades.

ChainCatcher news, according to Jinshi Data, Ji Min, head of the Research Bureau of the People's Bank of China, stated at a regular press briefing by the State Council on July 4 that the next step for the People's Bank will be to work with relevant departments and other financial regulatory bodies to continue supporting the deepening of the free trade pilot zones in aligning with international high-standard economic and trade rules and promoting a higher level of institutional opening-up, based on effective risk prevention.On one hand, further deepen financial openness and innovation in the Shanghai Free Trade Zone. Recently, eight supporting policies were announced at the Lujiazui Forum, including the development of offshore bonds for free trade, optimizing and upgrading the functions of free trade accounts, and carrying out comprehensive reform pilots for offshore trade financial services, among others.On the other hand, efforts should be made to replicate and promote the "Shanghai experience," supporting the promotion of innovative applications of the digital renminbi and other measures to relevant free trade pilot zones, and extending measures to optimize electronic payment services nationwide, exploring practical paths for the open and innovative development of China's financial sector, and accumulating more replicable and promotable experiences.

ChainCatcher news, according to Hong Kong media Xin Bao, Morgan Stanley's Chief Economist for China, Xing Ziqiang, analyzed that Hong Kong will first promote stablecoins pegged to the US dollar and Hong Kong dollar to establish technological and market trust, and only then will it promote CNH stablecoins.With the support of an offshore RMB funding pool in Hong Kong reaching one trillion yuan, CNH stablecoins can verify practical use cases for cross-border settlement, while reminding that the internationalization of the RMB is still a long-term battle. Relying solely on financial infrastructure such as stablecoins is not enough; stablecoins do not mean establishing a new supranational international monetary system, but rather an extension of fiat currency.

ChainCatcher news, according to GlobeNewsWire, Nasdaq-listed company Nano Labs Ltd (NA) announced plans to collaborate with other entities to apply for relevant licenses to conduct Hong Kong dollar and offshore renminbi stablecoin business.This move comes after the Hong Kong stablecoin legislation officially takes effect, which will be implemented on August 1, 2025. At the same time, Nano Labs also plans to develop a stablecoin technology framework, focusing on blockchain networks such as Bitcoin and Binance Coin.

ChainCatcher news, according to Jinshi reports, the central parity rate of the RMB against the USD was raised by 86 basis points, reported at 7.1833, the highest since April 2, and the largest increase since January 21. Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that the recent strengthening of the RMB exchange rate is mainly driven by two factors:The depreciation of the USD has led to a passive appreciation of the RMB against the USD. The market's pessimistic expectations regarding the increase in the U.S. government's fiscal deficit and debt have intensified, causing the USD index to decline significantly again, which is driving a general appreciation of non-USD currencies, including the RMB.Recently, the domestic implementation of more proactive macro policies has enhanced the resilience of the domestic macro economy against external fluctuations, providing intrinsic support for the RMB exchange rate. Wang Qing predicts that in the future, the RMB is more likely to experience a two-way fluctuation process opposite to the USD trend, but the amplitude of fluctuations will be relatively small, and compared to other major currencies, the RMB trend will be more stable.

ChainCatcher news, according to Cointelegraph, Mexico's third richest person Ricardo Salinas will release "The Bitcoin Enlightenment" on May 27.

ChainCatcher news, according to a report by the Securities Times cited by the Financial Associated Press, recently multiple internet platforms have appeared with information such as "Shanghai is about to establish a digital renminbi bank" and "Recruiting digital renminbi promoters." The reporter verified with the Digital Currency Research Institute of the People's Bank of China that the above information is all rumors.The reporter's investigation found that criminals are spreading false messages on the internet claiming "the digital renminbi bank is about to be established," while under the guise of "paid recruitment for promotion," they are conducting false propaganda to the public by forming chat groups and organizing online and offline meetings, enticing the public to provide personal identity and asset information, recruit others to join, and using the gimmick of "exchanging digital renminbi to receive a subsidy of 2% to 5%" to deceive the public into "exchanging" digital renminbi from criminals, causing a serious negative social impact.The digital renminbi is a digital form of legal currency, which does not have speculative space and will not induce users to disclose personal sensitive information or participate in pyramid schemes through promoting high commissions or high returns on cryptocurrency. Digital renminbi consumption red envelopes are generally obtained through regular channels such as commercial banks and other financial service entities, major government service platforms, qualified major e-commerce platforms, and offline stores.

ChainCatcher news, according to F2pool data, based on the current Bitcoin mining difficulty, Bitcoin price of $85,580, and an electricity cost of $0.06 per kWh, the Bitcoin miners Antminer S19, Shenua M33S+, and Shenua M30S+ have reached the breakeven price.Antminer T19, Shenua M30S, and Grayscale G7 miners still need to wait for the Bitcoin price to rise further to achieve profitability.

ChainCatcher news, according to the announcement from the Beijing Third Intermediate People's Court, recently, the Beijing Third Intermediate Court and Renmin University of China jointly held a project demonstration meeting for the Supreme People's Court's major judicial research topic for 2024, "Research on the Disposal of Involved Virtual Currencies." Representatives from the Supreme Court, the Supreme People's Procuratorate, the Ministry of Public Security, and experts from academia and enterprises attended the seminar.The meeting discussed the disposal paths for involved virtual currencies and the construction of future regulatory systems, emphasizing that research results should be combined with judicial practice to assist national financial security. Zhai Chao, Deputy Chief Judge of the Third Criminal Division of the Supreme Court, suggested that the research should highlight characteristics and meet practical needs. In the future, the research team will deepen investigations and collaborate with judicial and financial regulatory authorities to promote the regulation of virtual currencies and the improvement of judicial adjudication rules.

According to ChainCatcher news, the People's Bank of China held the 2025 Macro-Prudential Work Conference from February 17 to 18. The meeting pointed out that in 2024, the central bank improved the management of cross-border RMB business and enhanced the level of cross-border financial services. By the end of the year, the RMB had risen to become the fourth largest payment currency and the third largest trade financing currency in the world, with a steady increase in its level of internationalization.The work priorities for 2025 include: developing the offshore RMB market, strengthening the role of currency swaps and RMB clearing banks, enhancing cross-border payment, pricing, and investment financing functions, facilitating trade and investment financing, and accelerating the construction of the Shanghai International Financial Center while consolidating and enhancing the status of Hong Kong as an international financial center. In addition, the central bank will also improve real estate financial management to help stabilize the real estate market.

ChainCatcher news, according to F2pool data, miners such as Shennma M30S, Avalon A1246, Antminer S17 Pro have all reached the shutdown coin price. Meanwhile, miners like Grayscale G7, Hippo H2, Antminer T19 are approaching the shutdown coin price.

ChainCatcher News, the Shanghai headquarters of the People's Bank of China issued a risk warning, alerting the public to guard against investment scams that misuse the central bank's name in relation to digital renminbi. The central bank emphasized that it has never released announcements such as "investing in digital renminbi for cashback" or "paid recruitment of pilot promoters," and reminded the public to be cautious of four main traps: investment transactions under the guise of digital renminbi, fake group invitations, information collection through unofficial channels, and counterfeit apps.As a legal digital currency, the digital renminbi is exchanged 1:1 with physical renminbi, leaving no room for investment speculation. Users should download and use the digital renminbi app through official channels.

ChainCatcher news, according to the Xiong'an Release public account, the digital RMB pilot in Xiong'an New Area has achieved new results, with the first national digital RMB tax payment business in the fiscal sector and the development of related self-service tax payment terminals. The government procurement management application utilizes "Blockchain + Digital RMB" technology to increase the advance payment ratio and implement multiple applications to solve enterprise difficulties. In 2024, the People's Bank of China Xiong'an New Area Branch, in conjunction with the Xiong'an New Area Reform and Development Bureau, will launch the "Implementation Plan for Deepening the Digital RMB Pilot Work in the Rongdong Area" to enhance public awareness. By combining blockchain with digital RMB, the "Digital Currency Loan" product will be introduced, with payment amounts nearing 100 million yuan.

ChainCatcher news, the Financial Office of the Guangzhou Municipal Committee recently issued the "Action Plan for Further Promoting the Digital Renminbi Work in Guangzhou" (referred to as the "Digital Currency 2.0 Plan"). The "Action Plan" clarifies the main tasks of the pilot work from seven aspects.Further leverage the functional roles of the member units of the Guangzhou Digital Renminbi Work Leading Group. Each unit will formulate work plans for innovating and promoting digital renminbi application scenarios in their respective fields, implementing no less than one application scenario in their areas of responsibility.Explore promoting the use of digital renminbi as a payment method for prepaid services citywide.Vigorously create various digital renminbi application demonstration zones.Further enrich and improve application scenarios for digital renminbi in the transportation sector.Promote innovative digital renminbi application scenarios in the port and shipping sector.Actively advance the application of digital renminbi in cross-border payment and other businesses. Actively promote the participation of digital renminbi operating institutions and related enterprises in the pilot testing of the multilateral central bank digital currency bridge in the Guangzhou area. The Guangzhou Commodity Exchange's commodity trading platform and the Guangzhou Shipping Exchange's digital renminbi application will be implemented.Vigorously enhance the foundational strength of the digital renminbi industry.

ChainCatcher news, according to the People's Bank of China official account, the People's Bank of China work conference will be held from January 3 to 4, 2025. The conference pointed out that in 2024, the financial management and service capabilities will continue to improve, and the research and application of the digital renminbi will be steadily advanced.In 2025, further optimization of the central bank's financial management and services will be carried out, strengthening the legal protection of the central bank's duties. A multi-level and diversified payment service system will be improved. The integration of information technology systems will be promoted in an orderly manner. The multi-level credit reporting market will be vigorously developed. The central bank's financial services in rural areas will be continuously optimized. Solid work will be done in economic and financial research, comprehensive statistics of the financial industry, currency issuance, digital renminbi research and development, treasury management, and international assessments of anti-money laundering, among other tasks.

ChainCatcher news, according to China News Service, the First International Commercial Court of the Hainan Province First Intermediate People's Court successfully transferred litigation fees to the digital RMB account of the parties involved in a housing sale contract dispute case. This is the first time the court has processed a digital RMB refund for a party from Hong Kong, achieving an innovative breakthrough in the field of litigation refunds for foreign-related cases.In the process of handling the refund for Mr. Gao, the staff of the International Commercial Court of Hainan First Intermediate Court conducted comprehensive research on relevant policy regulations, as well as the specific processes for applying for real-name accounts and court transfer operations with the Hainan Branch of the People's Bank of China. They guided Mr. Gao to obtain a digital RMB real-name account that does not require binding a domestic bank card, ultimately successfully processing the refund using this method.

ChainCatcher news, the encrypted wallet MetaMask tweeted that its U.S. users (excluding those in Texas and New York) can use Venmo to purchase cryptocurrency, supported by MoonPay. Users can initiate Venmo through the MetaMask extension and mobile devices.

ChainCatcher news, according to Jinshi reports, the "Yongxing-Guofu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and Innovative)" managed by Yongzheng Asset Management and sold by Yongxing Securities held its listing ceremony on the Shanghai Stock Exchange, with an initial issuance scale of 138 million yuan, a term of 1 year, and a coupon rate of 2.2%. The product's senior debt rating is AAA, making it the first intellectual property securitization product issued in the form of digital renminbi nationwide, and it marks a breakthrough for Ningbo's intellectual property securitization project.