China News

Cybersecurity analysts have uncovered a new phishing campaign targeting crypto users by deploying FatalRAT alongside Clipper and Keylogger malware. Cyble Research and Intelligence Labs have uncovered a novel phishing campaign targeting Chinese crypto investors and organizations, with an emphasis on…

Hong Kong’s crypto market appears to be facing turbulence as licensed exchanges opt for overseas ventures amid regulatory concerns. HashKey, one of the two licensed crypto exchanges in Hong Kong, decided to expand its reach overseas with a Bermuda license…

Liquid staking protocol STFIL is allegedly under investigation by Chinese police amid concerning fund transfers and protocol upgrades. The STFIL team revealed in an X post on Apr. 9 that the core team members of the protocol are under investigation…

Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs)…

Chainalysis, a blockchain research firm in New York, highlighted a significant rebound in the crypto space, showing strong continued interest within China despite the government's restrictions.

Conflux Network, a public blockchain in China, has announced testing of the AxHKD stablecoin, backed by the Hong Kong dollar.

A National People’s Congress member has submitted a proposal advocating for expanding blockchain infrastructure to bolster China's government services and economic sectors.

China’s state-run newspaper has issued a crucial advisory to investors, urging vigilance amidst Bitcoin’s (BTC) recent surge to a two-year peak of over $65,000. The caution comes in the backdrop of persistent regulatory concerns and a dynamic global crypto landscape.…

HSBC’s Hong Kong investments head, Sami Abouzahr, says asset tokenization is one of the top priorities for the bank for this year. HSBC Hong Kong is set to double down on asset tokenization as part of the bank’s development strategy…

China’s Supreme People's Procuratorate promised punishment for criminals utilizing blockchain technology and metaverse projects for nefarious operations. 

Crypto exchange MEXC has reportedly initiated a crackdown on unverified users suspected to be from mainland China. According to Chinese blockchain journalist Colin Wu, citing sources within the local crypto community, MEXC has begun imposing restrictions on accounts of users…

Chinese authorities are significantly preparing to amend their anti-money laundering (AML) regulations. According to regional media reports, Beijing is set to amend its anti-AML rules to include cryptocurrency-related transactions amid calls for greater scrutiny of the nascent crypto industry from…

The Metropolitan Police revealed the seizure of over 60,000 BTC from a significant Chinese investment scam scheme. A seizure that occurred back in 2018 was disclosed for the first time during a court hearing in London on Jan. 30, according…

Conflux Network’s CFX token gained over 13% amid a ‘strategic partnership’ agreement with Asia-based venture studio BlockBooster. In an X thread, Conflux Network said the latest deal with the Asia-based venture studio will focus on identifying “web3 incubation opportunities within…

Harvest Fund Management’s Hong Kong branch has reportedly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission. According to a Tencent News report, Harvest Fund Hong Kong has filed for a spot Bitcoin ETF with…

Residents of China have begun actively converting their savings into cryptocurrencies, using creative ways to own Bitcoin (BTC) and other crypto assets prohibited in the country. According to Reuters, although cryptocurrency is banned in mainland China and there are strict…