20 h. ago Scam and corruption cases spark debate in China over cryptocurrencies’ future

The seizure of enormous cryptocurrency caches in two high-profile criminal cases in China – a former head of the central bank’s digital currency research institute accused of corruption, and an alleged scam centre kingpin linked to about US$15 billion in bitcoin – have sparked questions in the country about the safety and future of virtual money. But analysts said the long-term trend for the assets, especially bitcoin, depended on institutional capital, interest rate expectations and the...

Politics

63 h. ago How Chinese corruption busters are tracking down bribes paid in cryptocurrency

Beijing has revealed how its graft busters are investigating bribes paid in hard-to-trace cryptocurrencies by tracking the ways in which corrupt officials have been spending the proceeds. A documentary shown on state broadcaster CCTV on Wednesday highlighted the case of Yao Qian, the former director of the digital currency institute at the People’s Bank of China. Investigators became suspicious when Yao bought a villa in Beijing for more than 20 million yuan (around US$2.9 million) under the...

Politics

9 d. ago Zambia in early talks with China on currency swap to cut dollar debt exposure

Zambia in early talks with China on currency swap to cut dollar debt exposure  Business Insider Africa

Politics

1 week ago Zambia Held Early Talks With China Over Potential Currency Swap

Zambia Held Early Talks With China Over Potential Currency Swap  Bloomberg.com

Politics

2 w. ago China to lower major currency weightings in CFETS yuan basket in 2026

China to lower major currency weightings in CFETS yuan basket in 2026  Reuters

Politics

3 w. ago China Sets Yuan Fixing Far Below Forecast to Slow Currency Gains

China Sets Yuan Fixing Far Below Forecast to Slow Currency Gains  Yahoo Finance

Politics