China moved on Friday to reinforce its long-standing opposition to private digital currencies, unveiling new measures aimed at tightening control over virtual assets and yuan-linked stablecoins. The latest announcement, published on the central bank’s website, reiterates that cryptocurrency-related business remains outlawed,…
Is China Turning Its Digital Yuan Into An Interest Asset?
China’s central bank digital currency entered a new phase on 1 January 2026. On that date, digital yuan wallets started to earn interest at standard demand deposit rates. The shift turned what had once been treated as pure digital cash…
Why did the Crypto Market shed $150 billion after China?
The Crypto Market faced another slide after a weekend of forced selling, as renewed trade tension cooled risk appetite and triggered fresh losses across major tokens. Bitcoin fell as much as 4% to about $111,200 on Tuesday morning in London,…
China’s yuan stablecoin launched in 2025 in Kazakhstan?
China’s yuan stablecoin moved from talk to live use on September 17, when Hong Kong-based AnchorX launched AxCNH in Kazakhstan after obtaining a licence from local financial regulators. The token tracks the offshore yuan and runs on Conflux’s technology, tying…
China Orders 7 Brokers Stop Stablecoin Research to Curb Rush
China’s financial regulators have taken decisive steps to temper enthusiasm for stablecoins, directing brokerages and think tanks to cease publishing research or hosting seminars on these digital assets. In late July and earlier this month, leading local brokerages received private…
China Crypto Brokers See $75 Billion Amid Economic Troubles
China’s evolving financial landscape is witnessing a significant shift as the demand for alternative investments surges. Despite regulatory hurdles, over-the-counter (OTC) cryptocurrency brokers in China are recording unprecedented inflows. With weak equity markets and an unstable property sector, investors are…
Governments With Bitcoin: How US and China Crypto Stashes Could Rock the Market – Are We Heading for Chaos?
The sale of Bitcoin by the German government recently caused a huge concern in the crypto market. Yet, the situation is even more alarming when considering number of Governments with Bitcoin and massive amounts of other cryptocurrency. So, if these…
China Endures Cryptocurrency Challenges Despite Bans
China’s ongoing efforts to curtail illicit foreign-exchange transactions have unveiled the persistent use of cryptocurrencies within its borders. Despite stringent prohibitions on digital-asset trading, the allure of cryptocurrencies remains strong among Chinese citizens. Recent police raids have highlighted the scale…
Crackdown on $1.9 Billion Illegal Bank Using USDT in China
In a significant crackdown on illegal financial activities, the police in Southeast China’s Sichuan province have successfully dismantled an underground bank that had been utilizing the USDT stablecoin for foreign currency exchanges. The transactions involved in this illicit operation amounted…
China’s Trademark Office Grants Approval for NFT and Virtual Asset Trademarks
In a significant move highlighting China’s recognition of the growing importance of virtual assets, the Chinese Trademark Office has recently approved several marks related to NFTs and metaverse goods and services. This development showcases the country’s commitment to embracing the…
How did the USDT laundering case move over $1 billion?
The unsealing of a criminal case in the Eastern District of Virginia has drawn attention to a major usdt laundering case involving Miami-based Jorge Figueira, a national of Venezuela and Spain. Court filings allege he ran a money laundering conspiracy…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on November 16, Ethereum co-founder Vitalik Buterin introduced Kohaku, a bold new privacy framework designed to make private transactions the default experience for Ethereum wallet users.…
