A Statement That Raised Eyebrows When US President Donald Trump remarked that China is big into crypto, the comment surprised many observers. On the surface, it appeared to clash with reality. China famously banned cryptocurrency trading and mining on the mainland, forcing exchanges
Allegations That Sparked Global Attention Claims that the United States government hacked Chinese Bitcoin wallets to steal US$13 billion worth of cryptocurrency have circulated widely online, attracting attention far beyond the crypto community. The accusations originated from a Chinese cybersecurity firm, which alleged
Policy Direction Shapes the Market China’s forecast that its AI blockchain driven digital economy could reach a value of US$1.4 billion by 2027 is not the result of organic market forces alone. It is deeply shaped by policy direction from the top. Central
China’s highest judicial authority has signaled a clear shift in how the country approaches digital transactions and virtual assets. The Supreme People’s Court of China has stressed the need to strengthen and modernize laws governing digital currencies and virtual property, responding to a
China is preparing to take a significant step in the evolution of its central bank digital currency by introducing interest payments on digital yuan balances starting January 1, 2026. The move signals a shift in how the digital yuan is positioned within the
China is preparing a renewed push to expand the use of its digital yuan in 2026, seeking to turn early technical leadership into meaningful everyday adoption. Despite being one of the first major economies to launch a government backed digital currency, the digital
As China continues to enforce strict controls on cryptocurrency trading and payments, a growing number of users are turning to alternative tools known as U cards to navigate the regulatory landscape. These cards, often linked to offshore crypto platforms, have become a quiet
Stablecoins enter the global travel checkout Shanghai based online travel group Trip.com has begun testing stablecoin payments for some overseas users, marking a notable step in the gradual integration of digital assets into mainstream commerce. The company is allowing eligible customers to pay
Ancient tea culture meets emerging technology China’s tea culture stretches back thousands of years, rooted in craftsmanship, regional identity, and ritual. Yet as consumer habits shift and global markets demand greater transparency, traditional tea producers face mounting challenges. In this context, a new
Regulators move to expand the city’s crypto rule book Hong Kong is preparing to significantly expand its regulatory framework for digital assets as it looks to deepen and professionalise its crypto market. Financial regulators announced that new licensing regimes for virtual asset dealers
