China | Crypto

Retail users in Vietnam who trade on offshore crypto exchanges like Binance or OKX face heavy penalties. Network School controversy in Malaysia over Israeli citizen ban. Vietnam will fine retail crypto users up to $1900 if they trade on unlicensed overseas platforms such as Binance, OKX and Bybit, instead of on licensed local exchanges. There’s just one problem: Vietnam’s Finance Ministry has yet to issue any exchange licenses for its regulated digital asset market which is due to start on September 1. Five exchanges have been approved in principle however. Domestic investors who trade crypto that’s been designated exclusively for foreign investors can be fined up to $3800. Crypto companies providing or advertising services without a license, those who fail to properly ID customers, or unlawfully deal with crypto account data, can be fined up to $7600. Balaji Srinivasan’s utopian Network School in Forest City, Malaysia is under fire over allegations it has been hosting Israeli citizens using second passports....

China’s June trade numbers and second-quarter growth numbers looked strong if you look at them one at a time. However, when you put them together, they describe an economy with a very specific problem: factories are still finding buyers abroad, especially for higher-value industrial goods, while demand at home remains too weak to absorb what […] The post China found a $125 billion escape valve for an economy running out of momentum appeared first on CryptoSlate.

Geopolitical tensions and renewed fears of U.S.-China frictions are weighing on risk assets, including bitcoin.

China is reportedly building the same power to cut off its AI that the US deployed against Anthropic in June.

A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments. China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments. Wang Xin, director general of the Research Bureau at the People’s Bank of China (PBOC), urged authorities to closely monitor the impact of stablecoins while improving international coordination and regulation, Chinese news outlet The Paper reported on Wednesday. “We also need to pay attention to several new areas, such as whether stablecoins will play a more important role in cross-border payments, and how regulation, international coordination and cooperation should proceed,” Wang reportedly said, according to a machine translation. Read more

The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk. The United States will lose its leadership position in crypto to other countries, including China, if US lawmakers fail to pass the Digital Asset Market Clarity Act (CLARITY), a crypto market structure bill, according to Wyoming Senator Cynthia Lummis. Passing a comprehensive crypto regulatory framework would “ensure” that other countries “do not write the rules of the next financial era,” Lummis said. She added in a separate X post: In May, the Senate Banking Committee voted to advance the CLARITY Act after the legislation had stalled for months, reviving crypto industry hopes that the bill might be codified into law in 2026. Read more

China’s Supreme People’s Court plans to study adjudication rules for crypto and AI cases while the country’s crypto ban remains in force. China’s Supreme People’s Court (SPC) said it will study new adjudication rules for virtual currency and cross-border finance cases as part of a broader push to clarify how courts handle digital economy disputes. “We will conduct in-depth research on the adjudication rules for new cases such as virtual currencies and cross-border finance, formulate judicial interpretations on civil compensation involving insider trading and market manipulation as soon as possible,” said Liu Guixiang, Judicial Committee member of the SPC, during a press conference, reported Chinese news outlet Yicai on Wednesday. The court also plans to study judicial protection rules for artificial intelligence cases and data property rights, including disputes involving data ownership, data transactions and AI-generated content. Read more

The next global power competition is not being fought over missiles alone. It’s being fought over money, and right now, China is moving aggressively to shape the future of it, argues Gooden.

China’s new online marketing rules tighten an already sweeping crypto ban and place fresh pressure on financial influencers, echoing parallel crackdowns in Europe, Australia and the UK. China’s central bank and seven other regulators have finalized the “Administrative Measures for Online Marketing of Financial Products” (Announcement No. 9), dated April 21 and publicly released on April 24. The rules take effect on Sept. 30, 2026, and confine online marketing of financial products to licensed financial institutions and lawfully entrusted third-party platforms, and prohibit any organization or individual from offering online marketing services or any other form of assistance that facilitates illegal financial activities. The text explicitly folds virtual currency issuance and trading, along with illegal foreign exchange margin business, into the definition of illegal financial activity, reinforcing a stance first made explicit when the People’s Bank of China declared all crypto transactions illegal in 2021. Re...

Admiral Samuel Paparo, head of US Indo-Pacific Command, told two congressional panels this week that the military is running a live Bitcoin node for cybersecurity testing and views the protocol as a tool of national power in competition with China.

Circle’s Jeremy Allaire sees “tremendous” room for a yuan stablecoin, despite China banning most private yuan tokens and pushing its CBDC to challenge US dollar stablecoins. Circle CEO Jeremy Allaire says there is “tremendous opportunity” for a yuan-backed stablecoin, despite Beijing’s formal moves against most private renminbi-linked stablecoins and commitment to its own digital yuan.  Speaking to Reuters in Hong Kong on Thursday, Allaire framed stablecoins as a way for China to “export” its currency by making global payments easier, as digital money becomes more tightly woven into trade and finance, and said the country could roll out a yuan-backed stablecoin within three to five years.  Geopolitical rivalry over money is increasingly being waged in code as much as in central bank policy, and Allaire’s comments sharpen a deeper question: Can governments that clamp down on private digital currencies afford to shun them if they want to compete globally? Read more

Iran conflict is already disrupting the hidden plumbing of global trade The market spent the first phase of the Iran conflict watching crude. That was the visible layer. Today, prices have fallen below $90 a barrel for the first time in a while and Bitcoin is soaring alongside. However, a consequential shift is still happening […] The post Oil prices fall but China trade and US inflation data weakens as Iran contagion spreads – in opportunity for Bitcoin appeared first on CryptoSlate.

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

Huione Money Laundering Boss Extradited to China The post Alleged Huione Group Money Laundering Boss Extradited to China appeared first on Cryptonews.

America holds roughly 38% of global Bitcoin mining capacity, and the specialized hardware powering that position comes overwhelmingly from Chinese manufacturers. Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on Mar. 30 to address that gap, proposing certification, domestic manufacturing support, and the codification of President Donald Trump's Strategic Bitcoin Reserve […] The post Washington moves to cut China out of the machines powering US Bitcoin mining appeared first on CryptoSlate.

Global market volatility persists, yet when Alibaba’s AI models are fed a carefully engineered prompt, they reveal strikingly optimistic forecasts for XRP, Bitcoin, and Ethereum heading into the latter part of 2026.Bolstering the broader crypto outlook, a recent agreement between the SEC and CFTC to align their regulatory strategies signals that comprehensive U.S. cryptocurrency legislation […] The post China’s Alibaba AI Predicts the Price of XRP, Bitcoin and Ethereum by The End of 2026 appeared first on Cryptonews.

MetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network globally. Singapore-based MetaComp said Friday it completed a new funding round backed by Alibaba, as the company expands its stablecoin payment infrastructure. MetaComp completed a Pre-A+ round backed by Alibaba, bringing the cumulative total to $35 million across two rounds in three months, according to the announcement. The latest round also featured the European early-stage venture capital investor Spark Venture, with Beijing-based 100Summit Partners serving as exclusive financial adviser. Read more

Global geopolitical tensions may be rattling markets, but after some carefully calibrated prompting, DeepSeek AI suggests the three biggest cryptocurrencies could still be heading for a very bullish year.Its data-driven outlook draws on improving technical indicators, positive industry developments, and a regulatory environment that is slowly becoming clearer.Here’s why DeepSeek’s predictions are gaining attention.XRP (XRP): […] The post China’s DeepSeek AI Predicts the Price of XRP, Bitcoin and Ethereum by The End of 2026 appeared first on Cryptonews.

China’s new chip boosts blockchain speed 50x. An autonomous agent linked to Alibaba tries to mine Bitcoin. Asia Express