China News

Deputy Governor of China’s Central Bank says the countries partnering together to build mBridge would need to establish trust and mutual understanding of one another’s regulatory framework. According to a report by SCMP on Oct. 23, the deputy governor of…

China’s CBDC app has reached a significant milestone with 180 million personal wallets and a staggering transaction volume of ¥7.3 trillion yuan in pilot regions. China‘s ambitious push for a central bank digital currency is gaining momentum, with millions embracing…

With central banks around the world cutting interest rates and injecting stimulus, how can you position your portfolio to benefit from the resulting increase in liquidity? Read on. Macroeconomic triggers deepen Global liquidity is seeing a sharp increase as central…

Moo Deng, the recently launched Solana Pump.fun token, continued rising on Saturday, reaching an all-time high as the fear of missing out set in. Moo Deng (MOODENG), a hippo-themed token, jumped to a record high of $0.3495, bringing the weekly…

Could a flood of new liquidity from China’s massive stimulus spill into the crypto market, or is the excitement surrounding Bitcoin just misplaced optimism? Bitcoin to the moon? Lately, there’s been a lot of chatter about China’s potential $1.4 trillion…

A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy now focused on…

The Russian government has formed a focus group to trial crypto payments for foreign trade, focusing on importers of goods with potential military applications. Russia has established a focus group under an experimental legal regime to explore the use of…

China’s largest cryptocurrency market data platform, Feixiaohao, is allegedly facing legal troubles as reports claim its team has been detained by law enforcement. While the exact details behind the detention remain unclear, a report from Chinese media shared by journalist…

Once China’s second-richest man was sentenced to six years in prison in Singapore for orchestrating a fraudulent crypto investment scheme. Tycoon Yang Bin, a Chinese-Dutch national and the second-richest man in China by Forbes for 2001, was sentenced to six…

Taiwan’s high court convicted eight people of espionage for China, revealing that crypto was used to facilitate payments in one of the most prominent spying cases in recent years. Bloomberg reports, citing Taiwan’s Ministry of Justice’s Investigation Bureau, that Chinese…

China’s highest court and its public prosecution agency have for the first time recognized crypto transactions in their revised interpretation of the country’s anti-money laundering laws. At a joint press conference on Aug. 19, representatives of the Supreme People’s Court…

The stage looks set for Bitcoin to surpass its previous all-time high, fueled by a surge in global liquidity, several macroeconomic analysts argue. In recent weeks, the global macro financial outlook has been showing signs of a shift. Over the…

Bitcoin miner CleanSpark reported securing 75 MW in Wyoming despite previous national security concerns. American Bitcoin mining firm CleanSpark Inc. announced the successful acquisition of a Bitcoin mining site in Wyoming, overcoming previous national security concerns raised by the White…

Azerbaijan is taking a cautious approach to the development of a central bank digital currency, citing concerns over monetary policy and financial stability. The Central Bank of Azerbaijan hasn’t made plans to issue a central bank digital currency at this…

Senator Elizabeth Warren has warned a senate committee that crypto-mining farms owned by foreign entities pose a serious risk to national security. Citing data from a “blockchain analytics farm,” the senator highlighted that “one third” of the mining facilities operating…

Hong Kong’s financial regulators have received over 100 submissions from market participants, with a vast majority endorsing the establishment of a licensing regime for stablecoins. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)…