#yuan

Cryptocurrency exchange Bybit has confirmed that users from China can trade using Virtual Private Networks (VPNs). However, the platform has no plans to support the yuan.

Chinese oil and gas giant PetroChina has achieved a historic milestone by completing the first international crude oil trade using China’s central bank digital currency (CBDC), the e-CNY.

A Chinese government official with significant cryptocurrency investments was recruited by foreign spies and sold state secrets to cover his crypto-related losses. Wang Moumou received over 1 million yuan for his activities but was ultimately sentenced to life imprisonment for espionage.