The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years,
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Possession of Bitcoin still legal in China despite the ban, lawyer says
Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto.
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Official explains why China CBDC should not be as anonymous as cash
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project
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Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.
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Deribit and OKX attract significant traffic from China despite a blanket ban: Report
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.
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Residents of 3 Chinese cities paying taxes and charges with digital yuan
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.
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