Google will move early development of its premium Pixel smartphones to Vietnam this year, relocating “new product introduction” work out of China, Nikkei Asia reports. The change is part of a wider effort to diversify manufacturing amid geopolitical and cost pressures.
Chen Zhi was arrested in Cambodia and extradited to China in connection with an alleged $12 billion cryptocurrency fraud. The transfer highlights stepped-up cross-border cooperation on crypto crime.
China’s central bank has announced plans to enhance the functionality and expand adoption of the digital yuan in 2026, following a pilot cross-border transaction with Laos. Officials framed the update as a move toward wider international use of the currency and improved payment features.
Coinbase’s Chief Policy Officer Faryar Shirzad warned U.S. lawmakers that proposals to cap or ban yields on U.S.-issued stablecoins could hand China a competitive advantage in crypto markets. He said restrictive rules risk pushing activity and liquidity offshore.
An Elliptic investigation says Telegram now hosts the largest-known crypto black market, with Chinese-language users moving roughly $2 billion in transactions each month. Easy access, rapid relaunch of banned channels and active Chinese-language moderation have replaced the technical hurdles that once defined darknet crime.
Renewed Chinese enforcement on domestic Bitcoin mining is being blamed for fresh BTC selling pressure as miners suspend operations or prepare relocations. The sell-off compounds weak market sentiment and could keep volatility high in the near term.
China's central bank has declared all crypto activity illegal, explicitly including stablecoins, after a PBOC multi-agency meeting on 28 November. Authorities warned stablecoins pose a serious threat to monetary sovereignty and financial stability.
State-linked Hua Xia Bank tokenized roughly $600 million in yuan-denominated bonds and sold them at auction exclusively to digital yuan users, marking a high-profile CBDC use case.
Chinese authorities have opened a fresh crackdown on stablecoins, tightening rules and enforcement that hit issuers and cross‑border flows. Observers warn the moves could be about control or part of a broader push that heightens geopolitical currency tensions.
The People’s Bank of China led a Nov 28 coordination meeting with multiple state bodies to reiterate that cryptocurrency activity, including stablecoins, is illegal and poses significant financial risks. Regulators said enforcement will be aligned across agencies to strengthen supervision.