China

Highlights: Bitmain has launched a production line in the United States to reduce delays and boost service for North American miners. US Customs delays have disrupted Bitcoin mining with months-long equipment holds and storage costs. Bitmain has denied links to […]

Highlights: SOS Ltd. announces $50 million Bitcoin investment as BTC hits record highs. SOS aims for higher returns through Bitcoin investment strategies, boosting competitiveness and profitability. The firm’s Bitcoin move sparks an over 40% stock surge, potentially offsetting significant Year-to-Date […]

Highlights: A Shanghai court has stated that individuals can legally hold cryptocurrencies, but trading and mining remain banned in China. China is still enforcing strict crypto bans as it focuses on financial stability and control. A former crypto official is […]

Highlights: Zhu urges China to reconsider crypto policies amid global acceptance of digital assets. U.S. shifts, like Trump’s support and ETF approvals, show increasing crypto acceptance. China’s crypto activity has surged despite bans, and regional investments have shown growing international […]

Highlights: Zhang Moumou, leader of the crypto pyramid scheme, was extradited to China. China’s “Hunting Fox” group, established with Thailand, facilitated Zhang’s return after a complex process. The case highlights successful bilateral cooperation and enforcement against illegal crypto operations. The […]

Highlights: Industry leaders hint at China possibly easing its crypto ban by 2024, although these claims are later retracted Despite rumors, experts like Yifan He remain skeptical about China permitting open cryptocurrency trading using local currency China’s latest regulatory changes […]

China and Russia are accelerating the use of digital payments for cross-border settlements, completely abandoning traditional banking. Qifa, a China-based payment solution initially launched to facilitate imports between the two countries, affirmed the enhanced use of crypto payments. Qifa cited […]

Kazakhstan uses its central bank digital currency (CBDC) pilot project to finance the construction of a rail line connecting it with China. The National Bank of Kazakhstan (NBK) launched the digital tenge, a programmable digital currency, ensuring an efficient and […]

Highlights: China’s potential crypto policy shift could drastically boost global market dynamics Technological innovation may surge with China’s re-entry into the crypto sector Revised AML laws reflect a structured approach to upcoming financial regulations There is speculation that China might […]