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The blocking statute invoked by MOFCOM requires other companies conducting commercial activities in the country to disregard the sanctions imposed on five domestic refiners linked to Iranian oil transactions, because…
At least 276 people were arrested in a global cryptocurrency scam crackdown that dismantled nine alleged fraud centers targeting Americans. Authorities said the schemes used fake platforms, online trust-building, and…
Circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China as currency competition shifts onto blockchain infrastructure. Key Takeaways: Circle CEO Jeremy…
U.S. President Donald Trump said Sunday that China would face a 50% tariff on all goods exported to the United States if Beijing is caught supplying weapons to Iran during…
Apple has pulled the decentralized messaging application Bitchat from its China App Store following a regulatory demand from Chinese authorities. Key Takeaways Apple removed Bitchat from the China App Store…
A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding…
Iran’s grip on the Strait of Hormuz is tightening, and a new wrinkle has emerged: reports suggest Tehran is allowing yuan-based conditions for oil shipments seeking safe passage. Reports of…
The People’s Bank of China is pushing to make the renminbi, popularly known as the yuan, an efficient international currency for international settlements. Pan Gongsheng, Governor of the People’s Bank…
Crypto and financial markets are converging in new ways as institutions, regulators, and macro forces reshape the landscape. NYSE parent ICE has invested in crypto exchange OKX at a $25…
Crypto investors remember October 2025 for the historic liquidation event that shaved off billions in market cap, broke charts across exchanges, and left traders wrecked. Far fewer remember that October…