Latest China News and Insights | Yellow

China’s regulatory body for foreign exchange has enacted new mandates obliging banks to scrutinize and report risky transactions, particularly those related to cryptocurrencies. These measures aim to restrain Chinese investors from trading in Bitcoin and other digital assets. Under the new directive

Cryptocurrency markets are on edge. Wallets linked to the infamous PlusToken Ponzi scheme have suddenly stirred. These accounts had been quiet for over three years. On Wednesday, hundreds of wallets moved thousands of ether. The funds are tied to the $4.2 billion PlusToken scam. On-chain data shows

This week, Tether co-founder Brock Pierce mentioned that China will inevitably open up again to cryptocurrencies, standing on the cusp of a crypto revolution. In an interview, he emphasized that economic factors and growing interest among Chinese citizens and businesses will drive this change. Pierc

China has started trial of digital yuan, also known as e-CNY. Some state employees are now getting their salary in e-CNY. But apparently something went wrong. According to a report by the South China Morning Post (SCMP) reviewed by Coindesk, most early users immediately transfer the digital yuan bal