Beijing Mobilizes Agencies for Fresh Crypto Crackdown, Citing Stablecoin Dangers
China’s central bank and a dozen other agencies have pledged to refresh the nationwide suppression of cryptocurrency.
Crypto’s Great Return: China Secretly Rebuilds Bitcoin Mining Empire to 14% Global Share
The industry is staging a shadow comeback as miners exploit cheap power and booming data center infrastructure in energy-surplus provinces.
FTX Abandons Plan to Withhold Customer Repayments in China, Russia
FTX has withdrawn a motion that could have blocked customer repayments in 49 countries.
From Pilot to Pause: How Beijing Slammed the Brakes on Tech’s Stablecoin Dreams
The stablecoin ambitions of China’s tech titans have hit a formidable wall: the Chinese state.
China Considers Launching Yuan Stablecoin
China is poised to make a dramatic U-turn on cryptocurrency policy by developing its own yuan-backed stablecoin.
China’s Security Agency Takes Aim at Worldcoin’s Data Collection Practices
China’s top security agency has raised red flags over a cryptocurrency project—strongly resembling Worldcoin—for its mass collection of iris data, warning of potential national security breaches.
Conflux to Launch Offshore Yuan Stablecoin, CFX Jumps 57%
China’s Conflux Network plans to issue an offshore yuan-pegged stablecoin in partnership with AnchorX and Eastcompeace Technology, per a Shanghai government report.
