Apple has pulled the Bitchat app from its China App Store following a request from Beijing, limiting access to the messaging app that launched last July. The move follows the app's noted use during protests when authorities tried to restrict internet access.
Cambodia has extradited Li Xiong, the former chairman of Huione Group, to China where he is now detained amid allegations tied to billions in illicit cryptocurrency transactions. U.S. regulators previously linked Huione to large-scale crypto flows flagged as illicit.
Senators introduced the Mined in America Act as the U.S., which holds about 38% of global Bitcoin mining capacity, seeks to curb reliance on Chinese-made hardware. The move signals a potential crackdown that could reshape supply chains and costs for miners and investors.
Bank of Ningbo is soliciting suppliers to develop a system for processing the digital yuan, signaling Beijing may expand e-CNY licensing as it pushes wider adoption. The move reflects growing institutional readiness among Chinese banks to integrate the central bank digital currency into retail and merchant rails.
A proposal filed at the 2026 National People’s Congress would amend the 2003 People’s Bank of China Law to explicitly recognize the digital yuan as legal tender, with regulators citing outdated rules.
The HKMA and mainland Chinese regulators announced a cross-border blockchain platform to link cargo logistics data with electronic bills of lading, aiming to cut paperwork and friction in trade finance. The move signals stronger regulatory coordination to integrate Chinese supply chains with global markets.
Texas filed suit against TP-Link accusing the networking firm of deceptive marketing and of enabling the Chinese government to access American consumers' devices, the attorney general said Tuesday.
Victory Securities on Feb 10, 2026 permanently disabled purchasing and deposit functions for mainland Chinese users after months of gradual restrictions. The action fully cuts off onshore access to trading on the platform.
Bitcoin slipped after China told banks to reduce U.S. Treasury holdings, a signal of broader risk-off positioning as authorities increase gold purchases. The shift pressured risk assets and raised the prospect of heightened crypto volatility.
Sina reports the People’s Bank of China and seven government ministries have issued a sweeping mandate to eliminate emerging risks in the digital asset sector, signaling a renewed crackdown. The move increases pressure on domestic exchanges, OTC desks and crypto-related businesses and could shift activity offshore.