China Cryptocurrency
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Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
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Iran To Charge $1 Per Barrel From Oil Tankers Passing Hormuz: Report
Regional officials said yuan collections have already begun in some cases, worrying Gulf producers who fear a shift in oil trade influence.
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China Urges Banks to Use Blockchain for Lending, Tax Data Sharing
China is encouraging banks to adopt blockchain technology to enable secure sharing of tax data and improve lending processes. The initiative is expected to enhance transparency, reduce fraud risks, and make credit more accessible, especially for small businesses. It also reflects the country’s focus on using blockchain in regulated financial syst...
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China Removes Bitchat App From Apple Store Over Regulatory Concerns
Jack Dorsey’s decentralised messaging app Bitchat has been removed from Apple’s China App Store following regulatory concerns raised by Chinese authorities. The app, which operates without internet using Bluetooth mesh networks, was flagged for its potential to influence public opinion. Despite the removal, it remains available globally and has...
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Sei Partners Xiaomi to Pre-Install DeFi Wallet on Phones, SEI Token Sees Rapid Price Moves
Sei Network’s wallet will now come pre-installed on new Xiaomi smartphones in global markets outside China and the US, giving millions of users immediate access to on-chain tools. The announcement triggered volatility in the SEI token, which saw sharp intraday swings as traders assessed the impact. User reactions on X highlighted both optimism ar...
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China's "Goddess Of Wealth" Faces Jail In UK Over $6 Billion Bitcoin Scam
She lived a life of luxury that earned her the nickname "goddess of wealth", but Chinese businesswoman Zhimin Qian now faces a long jail sentence after police made the UK's largest-ever cryptocurrency seizure of Bitcoin worth over $6 billion.
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Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
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CSRC Directs Brokers to Pause Real-World Asset Tokenisation Activity in Hong Kong
China’s securities regulator has informally instructed brokerages to halt their real-world asset tokenisation activities in Hong Kong, according to a Reuters report. The move signals Beijing’s cautious stance on risk management, even as Hong Kong accelerates its digital-asset ambitions with new licensing frameworks and regulatory roadmaps. Anal...
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China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
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Bitcoin will Hold Strategic Importance to Strengthen US' Position Against China, Says JD Vance
On May 28, JD Vance took centre stage at the ongoing Bitcoin Conference in Las Vegas. As part of his 45-minute-long address, the US Vice President stated that Bitcoin will be strategically integrated into the US financial system to strengthen its position against China as tensions between the two nations remain volatile and intense.
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Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
-
Iran To Charge $1 Per Barrel From Oil Tankers Passing Hormuz: Report
Regional officials said yuan collections have already begun in some cases, worrying Gulf producers who fear a shift in oil trade influence.
-
China Urges Banks to Use Blockchain for Lending, Tax Data Sharing
China is encouraging banks to adopt blockchain technology to enable secure sharing of tax data and improve lending processes. The initiative is expected to enhance transparency, reduce fraud risks, and make credit more accessible, especially for small businesses. It also reflects the country’s focus on using blockchain in regulated financial syst...
-
China Removes Bitchat App From Apple Store Over Regulatory Concerns
Jack Dorsey’s decentralised messaging app Bitchat has been removed from Apple’s China App Store following regulatory concerns raised by Chinese authorities. The app, which operates without internet using Bluetooth mesh networks, was flagged for its potential to influence public opinion. Despite the removal, it remains available globally and has...
-
Sei Partners Xiaomi to Pre-Install DeFi Wallet on Phones, SEI Token Sees Rapid Price Moves
Sei Network’s wallet will now come pre-installed on new Xiaomi smartphones in global markets outside China and the US, giving millions of users immediate access to on-chain tools. The announcement triggered volatility in the SEI token, which saw sharp intraday swings as traders assessed the impact. User reactions on X highlighted both optimism ar...
-
China's "Goddess Of Wealth" Faces Jail In UK Over $6 Billion Bitcoin Scam
She lived a life of luxury that earned her the nickname "goddess of wealth", but Chinese businesswoman Zhimin Qian now faces a long jail sentence after police made the UK's largest-ever cryptocurrency seizure of Bitcoin worth over $6 billion.
-
Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
-
CSRC Directs Brokers to Pause Real-World Asset Tokenisation Activity in Hong Kong
China’s securities regulator has informally instructed brokerages to halt their real-world asset tokenisation activities in Hong Kong, according to a Reuters report. The move signals Beijing’s cautious stance on risk management, even as Hong Kong accelerates its digital-asset ambitions with new licensing frameworks and regulatory roadmaps. Anal...
-
China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
-
Bitcoin will Hold Strategic Importance to Strengthen US' Position Against China, Says JD Vance
On May 28, JD Vance took centre stage at the ongoing Bitcoin Conference in Las Vegas. As part of his 45-minute-long address, the US Vice President stated that Bitcoin will be strategically integrated into the US financial system to strengthen its position against China as tensions between the two nations remain volatile and intense.
