China


Policy

OKEx Denies Investigation of Founder Star Xu Is Related to Money Laundering

OKEx has denied the ongoing investigation of its founder is related to an anti-money laundering investigation.

OKEx logo

Markets

First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.

The OKEx exchange had to suspend withdrawals because a founder who held a crucial private key was reportedly detained.

Tech

Trump's Security Hawks Call Distributed Ledgers 'Critical' in US-China Tech Arms Race

DLT is among 20 "critical and emerging" technologies in the Trump Administration's new strategy for preserving the U.S.' technological edge.

President Donald J. Trump chairs the National Security Council.

Policy

China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto

An in-depth analysis of China's digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system.

Sonny Ross/CoinDesk archives

Markets

How the DeFi Craze Made Its Way to China

DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.

The interest in decentralized finance (DeFi) projects has made its way to China.

Markets

The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era

New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

Breakdown 10.13

Policy

Nearly 2 Million Sign Up for China's Digital Yuan 'Lottery'

Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.

Yuan

Policy

China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official

Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.

People's Bank of China Deputy Governor Chen Yulu

Policy

Ripple's Larsen Says US Risks Losing Stewardship of Global Financial System to China, Disses SEC

Chris Larsen said China's "itching" to be the one that designs the next financial system, and that the U.S. is "woefully behind."

Ripple Executive Chairman Chris Larsen

Markets

Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report

The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.

balls, lottery