Chinese | Crypto

The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government. Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as the digital yuan. Read more

The U.S. is probing how Chinese operators used AI in a cyber-espionage campaign as experts warn similar tools could hit on-chain finance.

Chinese state-sponsored hackers exploited Anthropic Claude Code AI in the world’s first largely autonomous cyber-espionage campaign, proving that machine agents can now run sprawling digital attacks with only minimal human input. Anthropic and the AI alarm bell The alarm rang in mid-September at Anthropic, but this was no ordinary network blip. As Anthropic’s threat team […] The post How Anthropic stopped AI agents working for Chinese state-sponsored spy campaign 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

The US government is moving to seize 127,271 Bitcoin worth about $14.2 billion, which investigators say was generated through a cross-border “pig butchering” scam operated by Chinese national Chen Zhi. If completed, the Bitcoin should be added to the U.S.’s Strategic Bitcoin Reserve according to the terms of Trump’s Executive Order issued earlier this year. […] The post US to add $14 billion BTC to Strategic Bitcoin Reserve seized from Chinese scammer appeared first on CryptoSlate.

Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more

Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more

Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong. Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating in Hong Kong may be forced to withdraw from cryptocurrency-related activities. The Hong Kong branches of several state-owned enterprises and Chinese banks are also expected not to participate in the race to obtain a Hong Kong stablecoin license. The news follows reports that HSBC and the Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, plan to apply for stablecoin licenses in Hong Kong. Hong Kong’s new stablecoin regulatory framework came into effect on Aug. 1 with a six-month transition period. Regulators said 77 institutions had expressed interest in applying. Re...

South Korean lawmaker’s bill would make ICOs legal again. Chinese state firm deletes posts about $70M worth of RWAs on Ethereum. Asia Express. A South Korean lawmaker has introduced draft legislation to create a framework for cryptocurrencies, including legalizing initial coin offerings (ICOs) and setting rules for stablecoin issuance. The proposal, announced Thursday by ruling Democratic Party lawmaker Lee Kang-il, would lift South Koreas ban on ICOs. The nation banned the fundraising method in 2017 during a speculative frenzy remembered as the ICO boom. The prohibition pushed Korean projects to launch tokens overseas. Lees bill seeks to replace the blanket prohibition with a disclosure-based regime. The draft law defines the digital asset sector as an independent industry, dividing it into nine business categories that include trading, brokerage, custody, payments and investment management. Trading and brokerage firms would require licenses, while other activities would operate under a registration system. ...

South Korean lawmaker’s bill would make ICOs legal again. Chinese state firm deletes posts about $70M worth of RWAs on Ethereum. Asia Express. A South Korean lawmaker has introduced draft legislation to create a framework for cryptocurrencies, including legalizing initial coin offerings (ICOs) and setting rules for stablecoin issuance. The proposal, announced Thursday by ruling Democratic Party lawmaker Lee Kang-il, would lift South Koreas ban enacted in 2017 during a speculative frenzy remembered as the ICO boom. The prohibition pushed Korean projects to launch tokens overseas. Lees bill seeks to replace the blanket prohibition with a disclosure-based regime. The draft law defines the digital asset sector as an independent industry, dividing it into nine business categories that include trading, brokerage, custody, payments and investment management. Trading and brokerage firms would require licenses, while other activities would operate under a registration system. Read more

Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments. Chinese blockchain Conflux announced a third version of its public network and introduced a new stablecoin backed by offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services Authority, in late February. It is unclear whether Conflux’s stablecoin is AxCNH or a separate project, and the involved companies had not responded to Cointelegraph’s inquiries by publication. Read more

The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that wrap old-style pyramid sales in crypto terminology. According to local news outlets, BIFA said promoters have begun advertising “stablecoin wealth plans,” “Web 3.0 dividends,” and similar offers that promise fixed returns.  The circular listed five […] The post Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines appeared first on CryptoSlate.

The motion to pause repayments to residents of certain countries has added a new wrinkle to the FTX saga. A Chinese creditor has filed an objection to a motion from the FTX estate that would pause payouts to residents in jurisdictions with laws or regulations restricting cryptocurrency transactions, according to a Tuesday court filing. The creditor, Weiwei Ji, stated that although they reside in Singapore, they have been classified as a Chinese creditor due to holding a Chinese passport. Ji noted that the objection was submitted on behalf of Ji and a growing group of Chinese creditors — reportedly over 300 individuals, according to the filing. The objection raises two key arguments: First, that FTX settlements are made in US dollars, which are a standard legal repayment method. Second, it notes that cryptocurrency distributions are legal in China, with digital assets constituting “personal property.” “My family holds four KYC-verified accounts with aggregate claims exceeding $15 million USD… We have fully com...

Chinese printer maker Procolored reportedly spread clipboard-hijacking Bitcoin malware via its official drivers in a supply chain attack that led to over $950,000 in stolen funds. Chinese printer manufacturer Procolored distributed Bitcoin-stealing malware alongside its official drivers, according to local media reports. Chinese news outlet Landian News reported on May 19 that Shenzhen-based printer company Procolored has been distributing Bitcoin-stealing (BTC) malware alongside official drivers. The company reportedly used USB drivers to distribute malware-ridden drivers and uploaded the compromised software to cloud storage for global download. A total of 9.3 BTC worth over $953,000 have been stolen, according to the report. Crypto tracking and compliance firm Slow Mist described how the malware operates in a May 19 X post: Read more

Binance Wallet “killing” competition and airdrops, K-drama actress embezzles $3M, Chinese firm to issue RWAs in Hong Kong. Asia Express. Cryptocurrency exchange Binances wallet has surged out of nowhere in 2025 to become the dominant in the industry. It closed the week starting on May 5 with an 86% share of the swap market, and so far, in the week starting on May 12, its at 93%, according to Dune Analytics data. At the first full week of the year, Binance Wallet controlled a measly 3.4% while OKX led the industry with 44.6% of the market, with MetaMask and imToken each at around 18.5%. Read more