Yao Qian, a former key architect of China’s digital yuan, is accused of accepting over $8 million in cryptocurrency bribes through hardware wallets and shell accounts, exposing the challenges of regulating digital currencies.
China’s introduction of interest-bearing digital yuan accounts increases pressure on the US to reevaluate its stablecoin regulations, sparking concerns about the competitiveness of US digital dollars.
Leading crypto executives warn that proposed changes to the GENIUS Act, which aim to ban yield on stablecoins, could undermine U.S. national security and economic interests. Pro-crypto lawyer John Deaton argues that such a ban could push users towards China’s interest-bearing digital yuan, potentially weakening the U.S. dollar’s global dominance.
Russia cracks down on unauthorized crypto mining, India promotes CBDCs, and China expands its digital yuan initiative, allowing banks to offer interest on e-CNY wallets.
China’s digital yuan will start paying interest on wallet balances from January 1, 2026, breaking the global consensus on non-interest-bearing CBDCs.
Coinbase warns that a US ban on stablecoin rewards could give China a strategic edge in the global stablecoin market, as China’s digital yuan rolls out interest-bearing features.
A Coinbase executive cautions the US Senate about the risks of misregulating stablecoins, which could give China an edge with its digital yuan advancements.
Chinese investors pour $188 million into Digital Yuan firms after PBOC allows wallet interest, marking a significant milestone in the adoption and growth of the CBDC.
China’s central bank to allow interest on digital yuan wallets from 2026, reshaping e-CNY as deposit-like money amidst US CBDC ban.
China’s central bank will allow interest payments on digital yuan balances starting in 2026, as part of a broader regulatory crackdown on crypto. Learn how this move could reshape the financial landscape.