The People’s Bank of China (PBOC) has announced a major strategic shift for its central bank digital currency (CBDC), transitioning the digital yuan (e-CNY) from mere digital cash to a “digital deposit currency.” Starting January 1, 2026, commercial banks will begin paying interest on digital yuan holdings, a move intended to spark mass adoption after … Read more
Xiaomi is integrating a cryptocurrency wallet and a decentralized application (dApp) discovery tool directly into new smartphones sold outside of mainland China and the United States, following a partnership with the high-performance blockchain platform, Sei. Key Details of the Partnership: Wallet Integration: The wallet will be pre-installed on all new Xiaomi devices in key markets … Read more
On November 28, 2025, the People’s Bank of China (PBOC), in collaboration with over ten government departments (including the Ministry of Public Security and the Central Cyberspace Affairs Commission), held a meeting in Beijing to significantly intensify its crackdown on virtual currency trading and stablecoin activities. Key Regulatory Points: Reaffirmation of Ban: The meeting underscored … Read more
Bitcoin mining is quietly making a comeback in China, despite a comprehensive ban on cryptocurrency activities imposed in 2021. According to a Reuters report, the country has climbed to the third spot globally in mining market share, now accounting for approximately 14% of global mining operations, up from effectively zero after the crackdown. Drivers of … Read more