Is China hoarding gold so yuan becomes global reserve instead of USD?
For nearly a century, the US dollar has ruled the global financial system. Buy a couple of million barrels of oil, or a few million...
Tag : China
Bitcoin difficulty drops by over 11%, sharpest drop since 2021 China ban
The Bitcoin network mining difficulty, a metric tracking the relative challenge of adding new blocks to the Bitcoin (BTC) ledger, fell by about 11.16% in...
China Bans Unapproved Yuan-Pegged Stablecoins Abroad to Protect Currency Stability
Chinese regulators have moved to tighten control over digital assets, banning the unauthorized issuance of yuan-pegged stablecoins overseas and extending restrictions to tokenized real-world assets...
China bans stablecoin and RWA issuance by foreign and domestic companies
The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance...
China Formalizes Ban on Yuan Stablecoins, RWA Tokenization
In brief China’s central bank and regulators have issued a notice that bans unapproved issuance of renminbi-pegged stablecoins, including those offshore. Most real-world asset tokenization...
Former Google Engineer Convicted of Stealing AI Secrets for China
In brief Former Google software engineer Linwei Ding has been convicted of economic espionage for siphoning Google’s trade secrets to China-based companies. Federal agents arrested...
China Executes Eleven Members of Crime Family Linked to Myanmar Scam Hubs
In brief Chinese authorities have executed 11 members of a crime family that operated scam compounds in Myanmar. The executions follow September convictions for murder,...
Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto
US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations behind...
Democrats Blast SEC Over Crypto Retreat, Justin Sun’s Alleged China Ties
In brief House Democrats skewered the SEC over its handling of crypto cases. The development came as a crypto market structure bill appeared to derail....
Crypto Scam Kingpin Behind $15B Bitcoin Seizure Deported to China — What Happens Next?
Chinese authorities have taken custody of Chen Zhi, the businessman at the center of what U.S. officials describe as one of the largest crypto scam...