Bitcoin hit a three-week high, but derivatives and spot ETF flows show traders remained cautious, signalling limited confidence in further upside for now.
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.
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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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Former Canaan co-chair Jianping Kong asserted that Bitcoin’s 10% hashrate fall in one day was caused by about 400,000 mining rigs shutting down in China’s Xinjiang region.
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SlowMist’s Yu Xuan advised high-profile users to prune contacts, rotate passwords and act fast on alerts to reduce WeChat takeover risks.
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Bitcoin's rejection at the short-term range highs was caused by macroeconomic uncertainty, liquidations and stagnant spot ETF flows. Will clearer signals from the US economy boost BTC volumes?
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The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government.
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Ether price surged to $3,000 on Tuesday, but lagged behind the US stock market rally as muted demand for ETH derivatives and growth in competing blockchains kept traders skeptical.
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Bitcoin’s decline to $84,000 was driven by US dollar stablecoin concerns, a weakening global macroeconomic outlook and other factors beyond Japan’s bond market stress.
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HKEX published a post-hearing information pack for HashKey Holdings, pushing Hong Kong’s top crypto exchange closer to a high-profile IPO.
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The People’s Bank of China reasserted the country’s crypto ban, claiming trading had reemerged and vowed to crack down on stablecoins.
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The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin.
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