China

China

Policy

China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters

At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter

Hong Kong Harbor (Shutterstock/Modified by CoinDesk)

Markets

Record Margin Debt in Chinese Stocks Signals Risk-On Momentum for Global Markets and Bitcoin

Chinese investors have borrowed a record 2.28 trillion yuan to buy local stocks.

Graphs, discussion (geralt/Pixabay)

Finance

Eric Trump Praises China’s Role in Bitcoin, Says U.S. and Beijing Are ‘Leading the Way’

President Donald Trump's son said he would love for his father and China's President Xi Jinping to talk about bitcoin at a coming meeting.

Eric Trump speaks in Hong Kong at BTC Asia (screenshot)

Markets

Asia Morning Briefing: Stablecoins Offer Beijing What e-CNY Can’t in Cross-Border Use, Economist Says

Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.

(Edward He/Unsplash)

Policy

China Warns Worldcoin-Style Iris Scanning a National Security Threat

A new advisory from China's Ministry of State Security highlights what it calls national security risks based on foreign firms collecting biometric data under the guise of crypto giveaways.

An inside view of the Orb, Worldcoin's custom hardware that makes cryptographic IDs based on iris scans. (Worldcoin)

Markets

Conflux's CFX Rallies on China Buzz, but Analysts Believe Fundamentals Still Lag

Despite bullish headlines and China ties, Conflux’s on-chain metrics remain weak even as insiders say Beijing might be warming up to some forms of digital assets.

Hong Kong's skyline (Chris Lam/CoinDesk)

Markets

Asia Morning Briefing: Animoca Exec Says U.S. Heat Is Pushing China's Stablecoin Agenda

Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.

Evan Auyang, president of Animoca Brands, speaks in an interview at the company's new Web3 workspace in Hong Kong (Chris Lam/CoinDesk)

Markets

Conflux's CFX Price Doubles on Stablecoin Reveal, Upgrade Plans

Conflux is working with AnchorX and Eastcompeace Technology on a stablecoin pegged to the offshore yuan aimed at cross-border Belt and Road Initiative corridors.

Shanghai office blocks and a Chinese flag (asiastock/Shutterstock)

Finance

Chinese Marketing Company Aurora Mobile Plans to Adopt Crypto Treasury

The Shenzhen, China-based company's board approved an initiative to convert up to 20% its cash and cash equivalents into bitcoin and other digital assets

16:9 Shenzhen, China (立 重立/Pixabay)

Finance

Stablecoin Connector BVNK Partners With Chinese Cross-Border Payments Firm LianLian

The deal facilitates stablecoin payments across LianLian’s network of merchants in over 100 countries.

Tokenized Treasuries has become a $3.5 billion asset class as demand and DeFi integration soared.(Ryan Quintal/Unsplash, Modified by CoinDesk)