China’s Crypto Split: Crackdown vs Innovation
China maintains a firm stance against cryptocurrencies while Hong Kong advances with clear rules for integrating digital assets into its financial system. Both directions coexist within
china (Latest Publications)
Hainan Flags Unauthorized Entities Claiming to Run Data Asset Exchanges
TL;DR: Hainan’s financial regulator warned the public about entities promoting themselves as RWA exchanges without provincial authorization. The People’s Bank of China and seven agencies issued
RedotPay Restructures Teams Amid Reports of Executive Departures and China‑Linked Pressures
TL;DR Leadership: Bloomberg reported senior departures at RedotPay, including compliance chiefs, as the company explores raising up to $150 million. Company Position: RedotPay said team consolidation
Investors Defrauded in Zhimin Qian Case Contest UK Proposal for Seized Bitcoin
TL;DR: Victims of a Chinese fraud ask the UK High Court to reject a compensation plan over 61,000 Bitcoin seized by authorities. The Bitcoin confiscated in
Beijing Eyes PBoC Law Rewrite for Digital Yuan; Hong Kong Keeps Focus on Stablecoin Rules
TL;DR Chinese lawmakers are considering revisions to the People’s Bank of China Law to formally recognize the digital yuan as legal tender, reflecting the rapid growth
China’s Supreme Court Cracks Down on Crypto Crime in Strong Warning to Offenders
TL;DR China’s Supreme People’s Court warns that courts will intensify enforcement against individuals and organizations using cryptocurrencies to launder money or bypass capital controls. The announcement
Hong Kong and Shanghai Authorities Sign Blockchain MoU to Advance Digitised Cargo Finance
TL;DR: The HKMA signed a MoU with Shanghai to develop a Blockchain platform for cross-border cargo data and trade finance. The agreement will connect Hong Kong’s
Hong Kong Broker Halts Services to Mainland China Amid Heightened Crypto Scrutiny
Victory Securities, a licensed cryptocurrency broker in Hong Kong, blocked trading functions for users residing in Mainland China. Affected users can no longer deposit funds or
China Intensifies Crypto Crackdown, Taking Aim at Stablecoins and RWA Tokenization
This February 6, eight national agencies, led by the People’s Bank of China (PBOC), issued a joint notice confirming that China bans stablecoins and RWAs (Real-World
Beijing Cracks Down on RWA Tokenization and Offshore Yuan Stablecoins
TL;DR RWA Restrictions: Beijing expanded its crypto ban to include unapproved real‑world asset tokenization, requiring all such activity to occur only on authorized financial infrastructure. Stablecoin
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