China

Highlights: Zhou warned that stablecoins pose risks as China considers launching a yuan-backed token. He stressed that stablecoins bring limited efficiency gains compared to risks for payment systems. Reports suggest China may permit yuan-backed stablecoins, contrasting with its strict anti-crypto […]

Highlights: China eyes yuan-backed stablecoins to accelerate currency adoption. Stablecoins could boost China’s role in cross-border trade. U.S. regulatory changes pressure China to shift its crypto stance. China is preparing to make a new step in expanding its worldwide financial […]

Highlights: China cracks down on stablecoin promotion amid fraud risks. Despite the crackdown, China explores yuan-backed stablecoins. Hong Kong’s stablecoin policies signal a different approach. China is cracking down on the promotion of stablecoins, concerned that emerging risks revolve around […]

Highlights: China’s MSS warns that biometric data in crypto projects risks privacy and security globally. Sam Altman’s World uses iris scans for user verification but faces scrutiny in China. WLD’s price dropped 1.56% after biometric data concerns were raised by […]

Highlights: Shanghai officials met to discuss stablecoins, showing a possible shift in China’s approach to digital currencies. Hong Kong may lead the stablecoin plans in the country as firms prepare to issue tokens under the new rules. China has warned […]

Highlights: Shenzhen officials have warned that stablecoin scams use flashy terms to lure people into illegal investment schemes. Unlicensed platforms promote fake digital asset projects that involve fraud gambling and pyramid fundraising. They urged the public to report suspicious stablecoin […]

Highlights: FTX paused repayments in 49 countries, awaiting legal clearance to ensure regulatory compliance. Over 82% of the disputed claim value comes from China despite the crypto ban in 2021. Creditors have 45 days to object after receiving the Restricted […]

Highlights: Two firms want to launch a stablecoin in Hong Kong based on the local currency. Most of the stablecoins are backed by the dollar and occupy the largest share of the market. China may allow offshore yuan stablecoins as […]

Highlights: JD.com plans to apply for stablecoin licenses in different countries, says Richard Liu. Company tests Hong Kong dollar stablecoin, aiming for fourth-quarter launch on public blockchain. The stablecoin market could hit $1 trillion by 2030 as global adoption accelerates. […]

Highlights: Donald Trump expresses strong crypto support, warns China may lead digital assets if U.S. falters. Trump denies profiting from TRUMP token and reaffirms long-time crypto support. TRUMP token’s market cap has dropped significantly, from $15B at launch to $2B […]

Highlights: Ethereum price soars above the $1800 mark, before retracing to $1784. According to a WSJ report, US tariffs on China will likely be reduced by 50%. Technical indicators point to a potential rally to $2000 soon. After a 9% […]

Highlights: China is working on clear rules for handling cryptocurrency seized in criminal cases. Local authorities are teaming up with private firms to sell confiscated crypto overseas. China’s Bitcoin holdings make it the second-largest BTC holder after the United States. […]