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The Trump administration on Thursday declared America's golden age has arrived, marking the culmination of President Donald Trump's pivot from skeptic to industry champion, a transformation that has netted his family-linked firms $2.9 billion related to cryptocurrency ventures, with 40% of that figu

China will allow commercial banks to pay interest on digital yuan wallets starting January 1, 2026, transforming the world's most advanced central bank digital currency into a deposit-like instrument. The policy shift comes as the U.S. moves in the opposite direction, having banned CBDCs entirely th

Chinese authorities are intensifying enforcement of cryptocurrency prohibitions following a surge in speculative trading, with the People's Bank of China warning that all virtual currency activities remain illegal despite years of comprehensive restrictions. The PBOC convened a high-level coordinati

The People's Bank of China reinforced the nation's cryptocurrency prohibition over the weekend, warning that digital asset trading has reemerged despite a ban implemented three years ago. The central bank singled out stablecoins as a primary concern, pledging intensified enforcement against what it

Chinese regulators have explicitly singled out stablecoins as a key threat to financial stability in a significant escalation of the country's campaign against digital assets. What Happened In a high-level meeting led by the People's Bank of China (PBoC) on Nov. 28, officials from more than a dozen