Beijing | Crypto

Apple Removes Jack Dorsey's Bitchat App from China The post Apple Removes Jack Dorsey Bitchat App from China at Beijing’s Request appeared first on Cryptonews.

Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet. Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, has been removed from Apple’s App Store in China for allegedly violating its internet service regulations.  In an X post on Sunday, Dorsey shared a screenshot from Apple’s app review team informing him that Bitchat had been removed from the App Store in February and that the TestFlight beta version would no longer be available in China at the request of the Cyberspace Administration of China (CAC). “Bitchat pulled from the China App Store,” he said. Read more

Polymarket traders are pricing the prospect of China legalizing onshore Bitcoin purchases at roughly 5%. At first glance, the number appears dismissive. Still, it raises the question of whether the Chinese government will explicitly permit citizens to convert renminbi into Bitcoin within mainland China by the end of 2026. That distinction matters because the regulatory […] The post China Bitcoin legalization is priced at 5% but Beijing’s February 2026 Ban 2.0 made one detail brutal appeared first on CryptoSlate.

Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong after Beijing regulators raised concerns over private firms issuing digital currencies. Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies. The companies were instructed by the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to pause these initiatives, the Financial Times reported on Sunday, citing sources familiar with the matter. “The real regulatory concern is, who has the ultimate right of coinage — the central bank or any private companies on the market?” one source familiar with the discussions told the FT. Read more

China has launched a new operations center in Shanghai dedicated to advancing the digital yuan. The People’s Bank of China announced the opening on Sept. 25, describing it as a step to expand the digital yuan’s role in global finance. The center will focus on cross-border payments, blockchain services, and digital asset platforms. According to […] The post Beijing boosts digital yuan for global trade with new operations center appeared first on CryptoSlate.