Overview China banned Cryptocurrency mainly to protect financial stability and keep control over the monetary system.Bitcoin and Crypto Trading were declared il ...

China has banned all crypto-related business activity, clearing the field for its state-backed digital yuan and drawing a hard line on who controls digital money.

China’s central bank closed the door on privately issued digital tokens tied to the yuan on Friday, marking the country’s firmest stance yet against cryptocurrencies that mimic its national currency.

Treasury Secretary Scott Bessent told the Senate Banking Committee he “would not be surprised” if China was building digital assets potentially backed by gold rather than the yuan, given China’s large ...

Add Yahoo as a preferred source to see more of our stories on Google. Ex-Chinese central bank digital yuan chief took $8m in crypto bribes, says state. The former head of the Chinese central bank’s ...

BEIJING — China's central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block the use of unofficial digital money. Chinese banks ...

Digital yuan hongbao now comes with interestChinas banks are rolling out digital yuan red envelopes (hongbao) and payment discounts ahead of Lunar New Year to boost consumption.Red envelopes are a ...

U.S. Treasury secretary Scott Bessent has warned he wouldn’t be surprised if China is building a U.S. dollar and bitcoin challenger based on ...

Bitcoin plummeted to an intraday low at $110,029.49 as the apex cryptocurrency failed to sustain its recovery rally. Trading volume jumped 33% in the last 24 hours, signaling high selling pressure.

Cryptocurrency payments to suspected human trafficking syndicates rose 85% in 2025, according to a new Chainalysis report.