— China, Stablecoins
China’s Regulation 42 forces Tether to kill its CNHT stablecoin
Tether has never been in a better place than it is right now, at least in the US. But in China, it's a very different story.
Results for China
54 stories, newest first
China executes four more in pig butchering scam crackdown
China executed four members of the Bai crime family which operated a Myanmar scam compound enterprise that made over $4B.
China executes 11 ringleaders of pig butchering scam compound
China has executed 11 members of the Ming mafia family which oversaw the Crouching Tiger Villa scam compound in Myanmar.
China is sentencing pig butchering scammers to death
China has sentenced nearly 20 people, including members of prominent mafia families, to death over pig butchering scams in recent months.
$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash
Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
— China, Stablecoin
China wants a yuan stablecoin, but why?
Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.
No, China didn’t ban crypto again
Wild rumors of a crypto ban in China started on Telegram and reached millions via Elon Musk’s X account. Thing is, it was fake news.
China hypes its CBDC as tariff war threatens yuan
As a way to project confidence into FX markets amid trade wars, China defended its yuan with claims that its CBDC is booming.
TRUMP favored on Chinese crypto exchanges in early trading
Crypto exchanges with Chinese founders and customers were leading venues for attracting TRUMP memecoin purchases.
Bybit CEO claims Chinese users can bypass restrictions with VPN
Bybit's CEO noted that Chinese users can use a VPN to access the exchange and noted the company hopes to reapply for a Hong Kong license.