Latest China News and Insights | Yellow

China's central bank issued comprehensive regulations on February 6 banning real-world asset tokenization and offshore issuance of yuan-pegged stablecoins. The People's Bank of China explicitly named Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as lacking legal tender status in Notice No. 42, si

A federal judge in Los Angeles sentenced Jingliang Su to 46 months in prison for laundering $36.9 million stolen from 174 Americans through fake cryptocurrency trading platforms. The 45-year-old Chinese national also received a $26,867,242 restitution order from U.S. District Judge R. Gary Klausner.

Chinese-language money laundering networks processed $16.1 billion in cryptocurrency during 2025 and now represent approximately 20% of all known crypto laundering activity, according to Chainalysis's 2026 Crypto Crime Report released Monday. What Happened: Telegram-Based Networks Dominate Launderin

President Donald Trump said he hopes to sign new cryptocurrency market structure legislation “very soon,” positioning the move as both a political priority and a strategic effort to prevent China from gaining dominance in digital asset markets. Speaking at the World Economic Forum, Trump said Congre

Chen Zhi, founder of Cambodia's Prince Holding Group and alleged mastermind behind one of Asia's largest scam operations, was extradited to China on Jan. 7 after U.S. prosecutors announced a record seizure of 127,271 Bitcoin worth approximately $15 billion—prompting Chinese officials to accuse the U