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Tag: China

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China’s Gold Rush Continues as Buying Streak Reaches 14 Months
The People’s Bank of China acquired 30,000 troy ounces of gold in December, according to official figures, extending its 14‑month buying streak. China is among the countries with the largest gold reserves, officially holding more than 74 million troy ounces… Read full article
21h ago
Bitcoin News
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Why China’s Tokenization Ban Could Backfire, According to Analysts
According to an analysis by Leon Waidmann, head of research at OnchainHQ, the latest regulatory stance marks a clear end to that narrative.
Key Takeaways

China has officially classified RWA tokenization as illegal financial activity, alongside stablecoins and mining.
The… Read full article
2d ago
Coindoo.com
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China’s interest-bearing digital yuan piles pressure on US stablecoin rules
China’s move to pay interest on the digital yuan is colliding with the GENIUS Act’s ban on stablecoin yield, intensifying questions over whether US digital dollars can stay competitive. Read full article
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23,000 Bitcoin In Limbo As China Detains Scam Boss Chen Zhi
Cambodia has detained and extradited Chen Zhi, the alleged operator of a sprawling “pig-butchering” and online fraud network, to China, creating a new question for crypto markets and law enforcement: what happens to the Bitcoin still linked to him on-chain.… Read full article
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Cambodia Extradites Billionaire Chen Zhi to China in Billion-Dollar Crypto Scam
Cambodian authorities extradited billionaire Chen Zhi, head of Prince Group, to China on Jan. 7 after his arrest with two associates. He is accused of orchestrating one of the world’s largest crypto scams, involving forced labor “scam factories” in Cambodia.… Read full article
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China Pays Interest on Stablecoins While US Debates, Coinbase Warns—Is America Handing Crypto Dominance Away?
China’s decision to pay interest on its digital yuan sharpens the global race for digital money, raising fears that stalled U.S. policy could weaken stablecoins, payments dominance, and competitiveness as incentives reshape adoption and cross-border finance. China’s Digital Yuan Strategy… Read full article
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