Chinese authorities accuse former digital yuan architect Yao Qian of accepting more than $8 million in cryptocurrency bribes, exposing governance risks at the intersection of blockchain and regulation.
Chinese financial industry groups have labeled real-world asset tokenization illegal, extending liability to offshore projects with mainland ties.
A Coinbase executive warned that restricting interest on US-issued stablecoins could weaken US competitiveness as China prepares to allow interest on its digital yuan.
China will allow commercial banks to pay interest on digital yuan holdings starting January 1, marking a shift in the central bank digital currency’s role within the financial system.
China’s central bank has opened high-level policy talks to strengthen enforcement against stablecoin and crypto payments amid the renewed trading activity.