After Reuters’ unique report of China contemplating yuan-backed stablecoins, Chinese language social media reactions reveal deep divisions over the potential coverage shift. The Chinese language authorities has not admitted or denied the report, and Beijing is unlikely to substantiate such delicate monetary coverage discussions publicly. Chinese language public dialogue stays restricted, with observable feedback primarily…
The Council on Overseas Relations warns that USD stablecoins might reshape international finance and weaken Beijing’s management. China is getting ready to counter with tightly monitored digital cash designed to bolster, not scale back, state authority. USD Stablecoins and US Coverage The Council on Overseas Relations (CFR), a outstanding US suppose tank on diplomacy and…
A Chinese court sentenced a defendant to 3.5 years for facilitating cryptocurrency transactions involving stolen funds. The Beijing No. 2 Intermediate People’s Court case represents China’s tightening enforcement against suspicious digital asset activities. Court Establishes New Precedent for Crypto-Related Money Laundering In August 2024, the defendant, who appears as Liu in the press report, knowingly…
China’s local legislature has formally declined to create local rules for disposing of seized cryptocurrency. Instead, it called for national-level regulations from the Beijing authorities. This reflects an inevitable collateral consequence of China’s total crypto ban. Henan Province Says Local Legislation Unsuitable The Congress of Henan Province, a central Chinese province south of Beijing with…
The cryptocurrency market faces a critical juncture as the People’s Bank of China (PBOC) considers stimulus measures in response to slowing economic activity. Analysts suggest that if Beijing injects liquidity into the system, altcoins could experience a significant rally, potentially surpassing previous all-time highs. China Stimulus Possible in Next Month While headlines often focus on…
Two major Mainland Chinese financial groups are rushing into blockchain-based finance as the market heads toward explosive growth. Their moves signal that institutional adoption of real-world asset tokenization is accelerating faster than expected. Fosun Confirms Stablecoin License Push Fosun International has confirmed its application for a stablecoin license in Hong Kong. On August 6, founder…
In August 2025, China and Hong Kong stand on opposite sides of the cryptocurrency policy spectrum. Yet their strategies intersect in shaping the global digital asset market. Mainland China maintains an uncompromising ban on cryptocurrency trading and mining. Meanwhile, Hong Kong advances as a regulated hub for digital assets, tokenization, and Web3 infrastructure. Mainland China:…
China is closely monitoring stablecoin developments while using Hong Kong as a testing ground for digital currency innovation. Financial regulators have intensified discussions on stablecoin strategies, emphasizing compatibility with national conditions and capital control concerns. China’s Cautious Stablecoin Strategy Chinese financial regulators recently summoned cryptocurrency experts to discuss stablecoin trends and implementation strategies, the Financial…
Dr. Xiao Feng of HashKey Group, often dubbed as The Father of China’s Blockchain, warns that cryptocurrency hype far exceeds regulatory reality in Asia’s emerging markets. The influential CEO argues stablecoins aren’t payment tools but represent a fundamental reimagining of global financial infrastructure. The Stablecoin Fever: Hong Kong’s Cautious Regulators vs. Market Enthusiasm In a…
Chinese authorities dismantled a Bitcoin (BTC) laundering operation involving employees of Kuaishou, the country’s second-largest TikTok-style video-sharing platform. China remains one of the most stringent regulatory environments for cryptocurrencies globally. Its near-total ban is driven by concerns over financial stability, capital flight, crime, and environmental impact. Kuaishou Employees Imprisoned for $20 Million Bitcoin Scheme The…