China
Head of DWF Labs Andrei Grachev Says ‘All Eyes’ on BNB Chain’s China Projects
Andrei Grachev, a high-profile figure in crypto and the head of DWF Labs (a company active in market making, liquidity, venture support, and ecosystem growth), is drawing attention to an...
Crypto Markets Bleed as Trump Escalates Tariff War With China
The cryptocurrency market collapsed after President Donald Trump warned of new tariffs on Chinese imports. He posted the remarks on Truth Social, accusing China of “hostile” trade tactics and trying...
Hong Kong Stablecoin Law Becomes China’s Crypto Policy Sandbox
Mainland China continues to enforce the 2021 crypto ban, established by the People’s Bank of China (PBOC) in its September 24, 2021, notice that made all virtual-currency transactions illegal. That...
China-Backed Offshore Yuan Stablecoin Debuts in Kazakhstan Under Regulation
The world’s first regulated offshore yuan-linked stablecoin has launched in Kazakhstan this month as part of China’s blockchain strategy for international commerce. Reportedly, the cryptocurrency, called AxCNH, went live on...
China’s Crypto Comeback? Jiuzy Plans $1 Billion Bitcoin, Ethereum, and BNB Investment
China may be inching toward a softer stance on crypto. Jiuzy Holdings, Inc. announced plans to invest $1 billion into Bitcoin (BTC), Ethereum (ETH), and BNB, one of the largest...
Asia Crypto Roundup: XRP Leads Thailand, Shanghai Court Sells Filecoin
Asian markets are leaning deeper into crypto, both in spot and perpetual futures. A new monthly report from Thailand’s SEC showed XRP has been the best-performing asset in the country...
China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling Premarket
Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip. The ban is part...
Beijing Blocks State-Owned Firms From Stablecoin Businesses in Hong Kong
Beijing has ordered state-owned enterprises, Chinese banks, and major internet firms with Hong Kong operations to exit cryptocurrency ventures. The directive, reported by Caixin, bans their involvement in stablecoin issuance,...
Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB
Chinese enterprises involved in Belt and Road investments may soon adopt RMB-denominated stablecoins to reduce exposure to volatile local currencies, a move that could accelerate the internationalization of the digital...
State-Backed Chinese Firm CMBI Tokenizes Its Top-Ranked USD Fund on Solana
Hong Kong-based CMB International Asset Management Limited has collaborated with DigiFT to tokenize the CMB International USD Money Market Fund. This is a major move, as CMBI is a state-backed...
China Takes Steps to “Cool Frenzy” Around Stablecoin Market: Report
Chinese authorities have quietly told local brokerages and financial institutions to stop promoting stablecoins, a move designed to cool the growing frenzy around the asset class, according to a Bloomberg...
China Cracks Down on $19.5M Crypto Money Laundering Ring Using Mixing Services
Chinese authorities have detailed a major cryptocurrency money laundering operation involving a former technology executive who embezzled 140 million yuan ($19.5 million) from his employer. The Beijing Haidian People’s Procuratorate...
Price for Crypto Crime in China: A 14-Year Prison Sentence
Chinese authorities have ramped up efforts to prosecute cryptocurrency-related crimes, sentencing a former tech executive to over 14 years in prison for embezzling 140 million yuan (approximately $19.5 million) from...
China’s Plan to Fight Dollar Dominance Begins in Hong Kong on August 1
An offshore renminbi (RMB) stablecoin is advancing rapidly as Hong Kong implements its new stablecoin ordinance. This comes as Chinese tech firms like JD.com and Ant Group are lobbying to...
Conflux (CFX) Jumps 42% as a New Yuan-Backed Stablecoin Is Announced
Conflux (CFX) has captured the market’s attention with a powerful surge of nearly 42% in the last 24 hours. This dramatic move is driven by two major catalysts: the announcement...
China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening
A key financial regulator in Shanghai convened a meeting this week to discuss policy responses to stablecoins and cryptocurrencies. The development marks a potential transition in China’s strict stance on...
USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network
The international division of Jack Ma-backed, Chinese tech giant, Ant Group plans to integrate Circle’s USDC stablecoin onto its blockchain network, which processed over $1 trillion in payments last year. ...
Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims
A group of Chinese creditors is fighting back against their exclusion from the FTX bankruptcy process, as $1.4 billion in claims remain unresolved. Over $380 million in claims from China...
China’s Answer to the Digital Dollar: A New Push for a Yuan-Backed Stablecoin
To counter an incoming US dominance in the digital asset space, China’s tech giants JD.com and Ant Group, an affiliate of Alibaba, are now urging Beijing to authorize a yuan-based...
China Moves In For a Total Internet Censorship With a July 15 Deadline
China is set to implement a new, state-issued national internet ID system on July 15, a move that will centralize user identity verification under direct government oversight. The system will...
China’s Central Bank Governor Says Blockchain Speeds Up Stablecoin, Payment Innovation
The governor of the People’s Bank of China (PBOC), Pan Gongsheng, delivered a powerful message on the future of finance, stating that blockchain technology and the rise of stablecoins are...
Trump Claims China Trade Deal Is Finalized, Awaits Xi’s Approval
President Donald Trump has officially announced that a comprehensive trade agreement between the U.S. and China is complete, and is now awaiting final approval from his Chinese counterpart, President Xi...
China Bans Holding of Bitcoin and All Cryptocurrencies, Report Says
On May 30, 2025, China introduced a new nationwide ban prohibiting the personal ownership of cryptocurrencies, including Bitcoin, according to a report by Binance. The updated policy expands earlier restrictions...
Bitcoin Leads Crypto Price Correction as US-China Tariff News Triggers $521 Million in Liquidations
The cryptocurrency market, led by Bitcoin, experienced a slight correction on Monday, May 12. Although analysts predicted a pullback after the latest price surge, tariff news out of the US...
Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10%
Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is...
