To circumvent international sanctions and facilitate cross-border transactions with Chinese counterparts, Russian companies are increasingly turning to stablecoins like Tether (USDT), leveraging their speed, cost-efficiency, and ability to bypass traditional banking channels.
The US government has ordered a Chinese-owned cryptocurrency mining company to divest its land near a nuclear missile base in Wyoming due to potential national security risks posed by its proximity and specialized equipment.
China has approved the launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which could drive up demand and prices for major cryptocurrencies.
Chinese state media outlet Economic Daily cautioned investors about Bitcoin risks amid the crypto’s price rally, as China maintains its ban on crypto trading and services.
Customers in Shenzhen can now pre-pay for cars with digital yuan smart contracts, enhancing the purchasing process and security.
