News
The warning came as Hong Kong consults on new virtual asset advisory and management licenses, expanding oversight beyond crypto trading platforms.
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China Crypto News
China, a global economic powerhouse with the world’s largest population, drives significant global trade marked by rapid industrialization and economic growth. China once served as a center for crypto trading and had a vibrant ecosystem of exchanges. However, in 2017, the Chinese government outlawed domestic cryptocurrency exchanges and initial coin offerings (ICOs) because of concerns about financial stability.
China intensified its regulations in 2021 by focusing on crypto mining — once a massive industry in the nation — citing concerns about speculative risk, financial stability and energy usage. Despite its hardline stance on cryptocurrencies, China is actively pursuing blockchain technology adoption across various sectors, including finance, supply chain and urban planning.
Blockchain parks and incubators have been established in various provinces and towns to aid new businesses and established firms specializing in blockchain technology. With its Digital Currency Electronic Payment system — a state-backed digital currency managed by the People’s Bank of China — China is at the forefront of central bank digital currency development. China wants to internationalize its currency and lessen reliance on the United States dollar in international trade and finance, and its CBDC, the digital yuan, is a component of that effort.
- Market Analysis
Bitcoin is holding above $92,000, but spot ETF outflows and rising geopolitical tensions threaten to weaken the resistance. Will traders pile into the dip?
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India wants BRICS members to discuss linking their CBDCs for trade and tourism at a future summit, according to a Reuters report.
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In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform.
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Star Xu defended freezing $40,000 in stablecoins after a user admitted buying verified accounts, with the exchange citing strict KYC and AML obligations.
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Crypto remains a key technology for maintaining America’s technological edge, according to a16z, which has raised another $15 billion to back American-aligned tech investments.
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China’s move to pay interest on the digital yuan is colliding with the GENIUS Act’s ban on stablecoin yields, intensifying questions over whether US digital dollars can remain competitive.
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Wu Blockchain reported the policy change listing Real-World Asset tokenization alongside stablecoins, ”air coins” and crypto mining as illegal in China.
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Bitcoin rose toward $93,000 as Donald Trump made remarks suggesting tougher action on Colombia and Mexico following the US operation in Venezuela.
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Bitcoin hit a three-week high, but derivatives and spot ETF flows show traders remained cautious, signalling limited confidence in further upside for now.
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Crypto regulations are changing around the world in 2026, as several jurisdictions adopt crypto and stablecoin policy frameworks.
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India is urging other countries to develop CBDCs, and China is expanding the use of its digital yuan, allowing banks to offer interest on e-CNY wallets.
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A Coinbase executive said changes to the GENIUS Act could weaken US dollar stablecoins as China moves to boost the digital yuan by allowing interest-bearing wallets.
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China’s central bank will let banks pay interest on digital yuan wallets from Jan. 1, 2026, reshaping e-CNY as deposit-like money as the US bans CBDCs.
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Data suggests that fears about Xinjiang-related Bitcoin mining have overstated the impact, with hashrate losses proving brief and driven partly by US power curtailments.
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