China | Crypto

China’s split renminbi system suggests a rumored yuan stablecoin won’t mark a crypto shift. The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news. Reuters reported Wednesday that Beijing is considering approving a stablecoin pegged to the renminbi as part of a roadmap to boost the currency’s internationalization. It was the second report this month, following a similar Financial Times story on Aug. 5. Despite the news, Chinese officials have yet to confirm whether it’s considering a stablecoin push. Even if Chinese authorities move ahead, analysts stress that such a stablecoin would almost certainly circulate offshore, not in the mainland.  Read more

Major Asian economies step on the stablecoin throttle, India’s reconsiders punitive crypto tax, and more. Major Asian economies are accelerating their stablecoin initiatives, with notable moves from Japan and China over the past week. Japans top financial regulator is reportedly preparing to approve the countrys first yen-pegged stablecoin within the year. The token, issued by fintech startup JPYC, will be backed by liquid assets such as government bonds.  According to finance outlet Nikkei, JPYC is expected to register as a money-transfer business this month and aims to issue 1 trillion yen (about $6.81 billion) worth of stablecoins over the next three years. Read more

Major Asian economies step on the stablecoin throttle, India’s reconsiders punitive crypto tax, and more. Major Asian economies are accelerating their stablecoin initiatives, with notable moves from Japan and China over the past week. Japans top financial regulator is reportedly preparing to approve the countrys first yen-pegged stablecoin within the year. The token, issued by fintech startup JPYC, will be backed by liquid assets such as government bonds.  According to finance outlet Nikkei, JPYC is expected to register as a money-transfer business this month and aims to issue 1 trillion yen (about $6.81 billion) worth of stablecoins over the next three years. Read more

China‘s Yuan-Backed Stablecoin has been advanced to State Council review, with a roadmap for global use, regulator roles and risk controls. Hong Kong and Shanghai have been set as pilots as officials study yuan internationalization and cross-border trade amid dollar-based market dominance. The post Global Shake-Up Looms – China’s Yuan-Backed Stablecoin May Redefine Cross-Border Payments appeared first on Cryptonews.

China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters. China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. If approved, China’s plan for stablecoin use would mark a major shift in its approach to crypto after the country banned crypto trading and mining in September 2021. Read more

DeepSeek Predicts XRP, Monero, and Dogecoin could rise before August closes, even as Bitcoin faces turbulence after inflation data and regulatory shifts. U.S. policy updates, including the GENIUS Act and SEC reforms, have shaped fresh optimism for a crypto breakout. The post China’s DeepSeek AI Predicts The Price of XRP, XLM, and DOGE This August appeared first on Cryptonews.

Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues. Key takeaways: China’s central bank stimulus could redirect liquidity into cryptocurrencies. Rising US Treasury yields suggest lower risk aversion, supporting potential recovery in altcoin markets. Read more

China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage. China warned of the increasing use of biometric data by crypto-linked projects, cautioning that iris-scanning programs operating under the guise of digital asset distribution may threaten personal privacy and even national security. In a public security bulletin published Wednesday, China’s Ministry of State Security (MSS) outlined several emerging risks associated with biometric recognition technologies, including facial, fingerprint and iris data collection. The MSS cited an unidentified overseas company that, “under the guise of issuing cryptocurrency tokens, scanned and collected iris information from users worldwide and then transferred the data source.” Officials said this posed “a threat to personal information security and even national security.” Read more

DeepSeek AI has examined market drivers suggesting XRP may retest records, PEPE could sextuple and Shiba Inu might triple by year-end. Analysts have pointed to lighter regulatory pressure, possible ETF listings, rising burn rates and improving technical trends as reasons optimism has persisted. The post China’s DeepSeek AI Predicts the Price of XRP, Pepe and Shiba Inu by the End of 2025 appeared first on Cryptonews.

China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association  Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.”  Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed to position Hong Kong as the dominant virtual asset hub and China’s strategic market operator. Read more

China state TV bashes Trump’s crypto policies in 30-minute special. New Telegram dark markets tie with Huione’s infrastructure. Asia Express. CCTV, Chinas state broadcasting mouthpiece, aired a half-hour special on cryptocurrencies and how the US is attempting to solidify dollar dominance with stablecoins. The July 27 broadcast framed the new US stablecoin legislation GENIUS Act, as a geopolitical turning point. CCTV pinpointed that the new rules explicitly ban a Federal Reserveissued central bank digital currency (CBCD) while allowing stablecoins to export US debt in digital form. The broadcaster said stablecoins backed by US Treasury bonds represent the third phase of dollar hegemony after Bretton Woods gold and Middle Eastern oil. In this model, crypto users across the globe become indirect holders of US government debt, while stablecoin issuers emerge as the next generation of bond superbuyers. The program warned that this digital infrastructure could displace weaker currencies. Read more

DeepSeek Predicts has projected strong 2025 price moves for XRP, Dogecoin, and Solana, arguing that Bitcoin’s new record high of $122,838 has revived optimism. Cooling RSI readings, possible spot ETFs, and clearer regulation are cited as factors that may push these altcoins to fresh records. The post China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Solana by the End of 2025 appeared first on Cryptonews.

China’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin regime. China-based e-commerce giant JD.com has reportedly registered entities tied to a potential stablecoin rollout just days ahead of Hong Kong’s stablecoin regulations going into effect. JD.com, often referred to as China’s Amazon, has registered two potential stablecoin-linked entities, Jcoin and Joycoin, through its fintech subsidiary, JD Coinlink Technology, according to a report by Hong Kong news outlet Ming Pao on Tuesday. JD Coinlink is one of the official participants in the stablecoin issuer sandbox program by the Hong Kong Monetary Authority (HKMA), which launched last year. Read more

DeepSeek, China’s leading publicly available AI, anticipates that numerous prominent altcoins will achieve new all-time highs in the second half of 2025, spurred by Bitcoin’s exceptional upward trajectory.Last Monday, Bitcoin reached an unprecedented peak of $122,838, setting a new record. Analysts suggest that if this momentum sustains, it could accelerate broader acceptance of cryptocurrencies worldwide.This […] The post China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Cardano by the End of 2025 appeared first on Cryptonews.

DeepSeek AI predicts prominent altcoins will achieve unprecedented price milestones in H2 2025, driven by Bitcoin's rally to $122,838. The platform forecasts XRP reaching $5 by year-end, DOGE hitting $1 during the bull phase, and HYPE token climbing to $100 by New Year. The post China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Hyperliquid by the End of July 2025 appeared first on Cryptonews.

A US bankruptcy court is set to decide whether to block creditor payouts to certain countries after receiving nearly 70 objections from creditors in China, Saudi Arabia and more. Update (July 18, 1:30 pm UTC): This article has been updated to correct the number of filed objections to the motion. The FTX creditor community is awaiting a ruling next week that could let the FTX bankruptcy estate freeze payouts to creditors in “restricted countries,” including China. On Tuesday, the US Bankruptcy Court in Delaware is expected to rule on a motion that could allow the FTX estate to withhold payouts to creditors in 49 countries it has labeled as “restricted jurisdictions.” Read more

China's DeepSeek AI predicts XRP, SOL, ADA and other altcoins have been set to surpass historic highs by end-2025. The forecast follows Bitcoin’s $122,838 record and cites XRP’s post-SEC clarity, ETF speculation around SOL and Cardano’s sustainability focus as key tailwinds. The post China’s DeepSeek AI Predicts the Price of XRP, Solana and Cardano by the End of 2025 appeared first on Cryptonews.

Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins. Mainland China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly showing signs of a shift in tone regarding stablecoins amid new developments in Shanghai. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) has held a meeting to discuss strategic responses to stablecoins and digital currencies, Reuters reported on Friday. Following the Thursday meeting, SASAC director He Qing called for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” in a post on the authority’s official account. Read more

China’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express Beijings state media is rallying behind Changan Chain, a homegrown blockchain infrastructure hailed as a solution to Chinas root problem of digital sovereignty. A profile on Qianlong.com credits researcher Dong Jin and his team for building a fully open-source and state-backed blockchain stack now powering national digital projects. Though little-known outside China, Changan Chain has gone through 21 iterations over six years and now claims to handle over 100,000 transactions per second a benchmark often cited by next-generation blockchains aiming to match the scale of traditional financial networks. It is reportedly being used in Chinas nationwide real estate registration system and by companies to digitize supply contracts, allowing banks to verify supplier relationships and accelerate loan approvals. Read more

In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves. Roughly 463,000 BTC — or about 2.3% of Bitcoin’s total supply — is currently held by governments around the world, according to publicly available blockchain data and legal disclosures.  While that might sound like a small percentage, it equates to tens of billions of dollars in sovereign Bitcoin wealth, giving Bitcoin (BTC) a growing role in national asset strategies and state-level accumulation. Read more