Yao Qian, the previous architect of China’s digital yuan, accepted crypto bribes price over $8 million whereas holding senior regulatory positions, Chinese state media revealed this week. The case exposes how corrupt officers exploited the identical blockchain know-how Yao helped develop to hide illicit transactions by way of {hardware} wallets and nameless transfers. State broadcaster…
Seven main Chinese monetary {industry} associations collectively declared that real-world asset (RWA) tokenization is an unlawful monetary exercise, simply after reinforcing their ban on crypto trading. According to a local report, the China Internet Finance Association, China Banking Association, China Securities Association, China Asset Management Association, China Futures Association, China Association of Listed Companies, and…
The People’s Bank of China has issued an “Action Plan” to improve the administration and monetary infrastructure of digital yuan. The new era central bank digital currency (CBDC) framework, administration and operational mechanism might be formally launched on January 1, 2026, a Chinese business daily reported on Monday. Lu Lei, Deputy Governor of the PBOC,…
The People’s Bank of China (PBOC) has reaffirmed its dedication towards cryptocurrency buying and selling after confirming a resurgence in market hypothesis. The Chinese apex financial institution is nudging a number of authorities establishments to strengthen their crackdown on enterprise and monetary actions involving digital currencies and curb associated unlawful operations. Stablecoins Yet To Meet…
Thai authorities arrested Liang Ai-Bing, a Chinese nationwide accused of orchestrating a $31 million crypto Ponzi scheme, at a luxurious Bangkok residence on October 29, 2025. According to a local report, the arrest follows a coordinated intelligence operation between Thai and Chinese legislation enforcement focusing on considered one of Asia’s most infamous digital forex fraud…
A Beijing courtroom has sentenced 5 people to jail phrases starting from two to 4 years for working an unlawful international trade operation that moved over $166 million by crypto channels As regulators described, this marks one in every of China’s most important prosecutions of crypto-enabled monetary crime, as authorities intensify their crackdown on digital…
China’s central financial institution escalated its warning on stablecoins and reiterated a tough line towards home crypto exercise on Monday, with Governor Pan Gongsheng arguing that the rise of privately issued “digital currencies”—significantly stablecoins—exposes gaps in world monetary oversight and will increase systemic fragility. Speaking on the opening of the 2025 Financial Street Forum in…
Digital asset funds logged $3.17 billion in inflows final week, defying market turbulence triggered by renewed US–China tariff tensions. Key Takeaways: Digital asset funds noticed $3.17 billion in weekly inflows, pushing 2025 totals to a report $48.7 billion regardless of US–China tariff tensions. Bitcoin dominated buying and selling, with inflows of $2.67 billion and report…
Over 1.66 million crypto merchants had been liquidated prior to now 24 hours because the market skilled a pointy downturn, wiping out a staggering $19.33 billion in positions, according to data from CoinGlass. Key Takeaways: Over 1.66 million merchants had been liquidated in 24 hours, erasing $19.33 billion in crypto positions. Bitcoin and Ethereum led…
China Financial Leasing Group is ready to increase HK$86.7 million ($11.1 million) by means of a strategic share placement geared toward launching a digital asset funding platform centered on cryptocurrency and synthetic intelligence. Key Takeaways: China Financial Leasing Group will increase $11.1 million by means of a share placement to fund a brand new Crypto-AI…