The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…

The post GBP/USD has moved into a range-trading phase – UOB Group appeared on BitcoinEthereumNews.com. Pound Sterling (GBP) has moved into a range-trading phase; softening underlying tone suggests it is likely to test the lower end of the 1.3470/1.3650 range first, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP/USD is likely to test the lower end of the 1.3470/1.3650 range 24-HOUR VIEW: “After GBP briefly rose to 1.3726 two days ago and then plummeted, we indicated yesterday that ‘the brief rise did not result in any increase in upward momentum.’ We were of the view that GBP ‘is likely to range-trade between 1.3600 and 1.3665.’ GBP subsequently edged up to 1.3661 and then plummeted to a low of 1.3534. While the sharp drop has scope to extend, the decline is quickly approaching oversold level, and any further downside is likely limited to a test of 1.3520. The next support at 1.3470 is unlikely to come into view. To keep the momentum, GBP must hold below 1.3600, with minor resistance at 1.3575.” 1-3 WEEKS VIEW: “Two days ago (17 Sep, spot at 1.3655), we highlighted that ‘there is room for further GBP gains toward 1.3700.’ We also highlighted that ‘the odds of an extended rise to 1.3765 are currently lower.’ After GBP rose to 1.3726 and then pulled back sharply, we highlighted yesterday (18 Sep, spot at 1.3635) that ‘there has been no further increase in upward momentum, and the odds of GBP rising to 1.3765 have diminished noticeably.’ We pointed out that ‘only a breach of 1.3575 (‘strong support’ level) would indicate that GBP has moved into a range-trading phase.’ GBP then breached 1.3575, dropping to a low of 1.3534. GBP appears to have moved into a range-trading phase, but the softening underlying tone suggests it is likely to test the lower end of the 1.3470/1.3650 range first.” Source: https://www.fxstreet.com/news/gbp-usd-has-moved-into-a-range-trading-phase-uob-group-202509191115

Senator Elizabeth Warren reportedly sent a letter to Fed Chair Jerome Powell and Treasury Secretary Scott Bessent demanding they not […] The post XRP Price Prediction