The opening ceremony of the 15th Smart City and Intelligent Economy Expo (referred to as “Smart Expo”) was held on September 5th …
China
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Regulation
Former Governor of the People’s Bank of China Publishes Article Concerning the Cryptocurrency Sector: Issues Warning
by shayaanby shayaanFormer Governor of the People’s Bank of China, Zhou Xiaochuan, wrote an extensive article on stablecoins and digital payment systems, highlighting the …
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China is reportedly exploring the possibility of using yuan stablecoins for oil transactions, a move that could significantly advance the international use …
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China’s stablecoin push is a defensive move against US dollar dominance. The US GENIUS Act is the key trigger for Beijing’s recent …
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Regulation
Treasury Sanctions Crypto IT Scam Spanning North Korea, Russia, and China
by shayaanby shayaanThe U.S. Treasury Department announced sanctions Wednesday against a web of North Korean, Russian, and Chinese individuals and companies for their alleged …
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China Renaissance Holdings Limited (HKEx: 1911.HK) has entered a strategic partnership with YZi Labs Management Ltd to support the growth of the …
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Regulation
China Court Rules “Should Have Known” Standard for Crypto Laundering
by shayaanby shayaanA Chinese court sentenced a defendant to 3.5 years for facilitating cryptocurrency transactions involving stolen funds. The Beijing No. 2 Intermediate People’s …
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Bitcoin mining remains the backbone of the crypto economy. In the Asia-Pacific (APAC) region, abundant hydropower, gas reserves, and surplus electricity create …
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Adoption
China quietly prepares yuan stablecoins as 99% of supply minted in dollars
by shayaanby shayaanChina is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and …
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Regulation
Following Claims That China Is Beginning to Soften Its Stance on Cryptocurrencies, an Unexpected Move Has Been Made
by shayaanby shayaanIn an effort to contain the growing interest in stablecoins, China has ordered local brokerages and other organizations to stop publishing research …