Sunday, October 19, 2025

Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

Companies have put their stablecoin ambitions on hold after receiving instructions from Chinese regulators, including the People's Bank of China and Cyberspace Administration of China, not to move ahead with the plans, FT reported.

from Tech-Economic Times https://ift.tt/5mg40Er

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...