Global #China

A recent move by China to restrict its top tech companies from purchasing NVIDIA’s high-end AI chips has sent ripples through global markets

As of January 2025, governments across the globe collectively hold around 471,000 Bitcoin (BTC), valued at over $16.37 billion. This represents 2.5% of the total Bitcoin supply.

On August 3, 2025, reports circulated claiming that China had re-issued a ban on cryptocurrency, causing initial market volatility.

Despite a standing ban on cryptocurrency, China is showing renewed and significant interest in digital currencies, particularly stablecoins.

China was once one of the largest and most enthusiastic markets for cryptocurrency, with early adoption of Bitcoin and Ethereum gaining traction among citizens.

President Donald Trump has signaled that the future of TikTok in the U.S. could depend on whether China agrees to a deal regarding the popular video-sharing app.

A recent ruling by the Shanghai Songjiang People's Court has shed light on China's stance on cryptocurrency ownership.

As the U.S. positions itself to become a global crypto hub, China may face increasing pressure to rethink its stance on digital assets.

In a bold move reflecting the growing convergence between traditional tech companies and cryptocurrency, Nano Labs, a prominent Chinese chipmaker listed on the Nasdaq, has announced that it will begin accepting Bitcoin as a payment method for its products and services.

While China has imposed strict regulations on cryptocurrencies, it's simultaneously making significant strides in developing its own blockchain technology and digital currency.

Bitcoin's price has experienced a significant uptick following the reopening of Asian stock markets, primarily driven by China's positive economic outlook and stimulus measures.

China's digital currency, the e-CNY, has facilitated over 7.3 trillion yuan (approximately $1 trillion) in transactions across its pilot regions, highlighting the country's ambition to strengthen its financial framework and enhance the renminbi’s global presence.