China


Markets

Huobi's HUSD Stablecoin to Run on Nervos Blockchain

China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.

The Nervos team

Markets

China's Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

Breakdown 12.7 - China digital currency

Policy

Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.

Hong Kong flag (Shutterstock)

Markets

Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

Breakdown 12.6 - Niall Ferguson Bitcoin China

Policy

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by the authorities.

china, law

Finance

JD.Com Says It's Accepting China's Digital Yuan for Latest Lottery

Chinese e-commerce firm JD.Com says it has become the first online platform to accept the nation's central bank digital currency.

yuan, reminbi

Policy

Ringleaders of PlusToken Scam Jailed for Up to 11 Years

Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.

shutterstock_654932839

Markets

Chinese Authorities Have Seized a Massive $4B in Crypto From PlusToken Scam

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

Chinese policeman

Policy

China's Xi Asks ASEAN Nations to Join in Building of 'Digital Silk Road'

Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday.

Chinese President Xi Jinping

Policy

China's State-Sanctioned Blockchain Project BSN Adds Polkadot, Oasis, Bityuan to Network

China’s state-sanctioned blockchain infrastructure provider BSN is adding cross-chain protocol Polkadot, decentralized cloud data startup Oasis and China-based project Bityuan to its network.

Great Wall of China