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China

U.S. authorities cracked down on another ring of fentanyl suppliers they say are tied to Chinese companies and using cryptocurrency to move money. (Photo illustration by Jesse Hamilton)
Policy
Regulations
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice charged eight companies with illegal drug production, distribution and sales of precursor chemicals, saying they used cryptocurrency to move mon...
U.S. authorities cracked down on another ring of fentanyl suppliers they say are tied to Chinese companies and using cryptocurrency to move money. (Photo illustration by Jesse Hamilton)
By Jesse Hamilton
Oct 3, 2023 at 7:44 p.m. UTC
Oct 3, 2023
RegulationsDepartment of JusticeIndictmentFentanylChinaSanctionsWalletsOFACTreasury
Hong Kong, China Cityscape (Unsplash)
Finance
Chainalysis
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
Hong Kong, China Cityscape (Unsplash)
By Sam Reynolds
Oct 2, 2023 at 3:57 p.m. UTC
Oct 2, 2023
ChainalysisHong KongChina
Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink
Video
China
Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink
Nansen data shows that crypto exchange Huobi’s stablecoin reserves dipped by 33% in the last week, with traders withdrawing $49 million in stables. This comes as a spokesperso...
Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink
By CoinDesk Staff
Aug 7, 2023 at 4:57 p.m. UTC
Aug 7, 2023
ChinaHuobicdtvHash clipNansen
H.K. Lawmaker Johnny Ng said he hopes for more Web3 talent exchanges with mainland China. (Ruslan Bardash/Unsplash)
Policy
Regulations
Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China
Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges.
H.K. Lawmaker Johnny Ng said he hopes for more Web3 talent exchanges with mainland China. (Ruslan Bardash/Unsplash)
By Lavender Au
Aug 4, 2023 at 9:45 a.m. UTC
Aug 4, 2023
RegulationsPolicyHong KongChinaCrypto Exchanges
China Is Binance’s Largest Market: WSJ
Video
China
China Is Binance’s Largest Market: WSJ
A new report from the Wall Street Journal says Binance users traded $90 billion of crypto-related assets in China in just one month, making the country Binance's largest marke...
China Is Binance’s Largest Market: WSJ
By CoinDesk Staff
Aug 2, 2023 at 2:28 p.m. UTC
Aug 2, 2023
ChinaBinanceWall Street JournalcdtvFM Clip
Binance's largest market is China, despite the crypto ban in the country. (Pixabay)
Finance
Binance
Binance's Largest Market Is China: WSJ
China is Binance’s largest market, amounting to 20% of worldwide volume
Binance's largest market is China, despite the crypto ban in the country. (Pixabay)
By Sam Reynolds
Aug 2, 2023 at 6:11 a.m. UTC
Aug 2, 2023
BinanceChina
Why Bitcoin Miners Have Flocked to Texas
Video
Bitcoin mining
Why Bitcoin Miners Have Flocked to Texas
Crypto miners have flocked to the state of Texas since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. "The Hash" panel di...
Why Bitcoin Miners Have Flocked to Texas
By CoinDesk Staff
Jul 25, 2023 at 5:44 p.m. UTC
Jul 25, 2023
Bitcoin MiningChinacdtvHash clipTexasMining Week 2023
Bitcoin Slips to $29K Level Amid WSJ Report on Binance
Video
Bitcoin
Bitcoin Slips to $29K Level Amid WSJ Report on Binance
Bitcoin (BTC) is slipping after the Wall Street Journal said Binance CEO Changpeng "CZ" Zhao suggested in a private conversation that the crypto exchange's affiliates had cond...
Bitcoin Slips to $29K Level Amid WSJ Report on Binance
By CoinDesk Staff
Jul 24, 2023 at 5:49 p.m. UTC
Jul 24, 2023
BitcoinChinaChangpeng ZhaoWall Street JournalcdtvHash clipBinance LabsLinda pawczukWsj
Store sign saying "Sorry we're closed"
Finance
Multichain
Recently Exploited Crypto Bridge Shuts, Says China Detained CEO and His Sister
Multichain said it has been forced to take this action "due to lack of alternative sources of information and corresponding operational funds."
Store sign saying "Sorry we're closed"
By Jamie Crawley
Jul 14, 2023 at 9:22 a.m. UTC
Jul 14, 2023
MultiChainBlockchainsChina
Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)
Finance
Cny
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)
By Sam Reynolds
Jul 11, 2023 at 6:08 a.m. UTC
Jul 11, 2023
CNYStablecoinsChinaJeremy Allaire