Hi fintech friends,

Happy almost Friday. Here is this week’s roundup of China fintech and regulation news.

Licensing & Regulations

• Chainalysis reported illicit crypto laundering reached $82 billion in 2025, with Chinese‑language networks processing $16.1 billion by exploiting China’s capital controls and rapidly shifting from informal value transfer systems into crypto rails (Read full report here).
• Binance submitted an EU crypto license application in Greece to operate under the EU’s MiCA regulation.

Product & Partnership Launches

• Standard Chartered‑backed Mox Bank launched USD‑denominated bitcoin and ether trading in Hong Kong via HashKey, becoming the city’s second virtual bank to offer crypto trading.
• OSL Pay integrated with StraitsX to enable USD access for its users.
• Bybit launched Bybit Pay in Peru, integrating with Yape and Plin to enable crypto‑backed payments at local merchants.
• Bitget Wallet added native HYPE staking.
• SUNRATE added a global acquiring business unit.
• WeLab Bank partnered Mastercard to launch a multi‑currency debit card in Hong Kong.
• Italian fintech Tinaba extended its Alipay+ partnership, enabling payments for tourists in mainland China.

Financing & Acquisition

• OSL Group raised US$200 million to fund stablecoin and payment expansions.

👍 👎 Have feedback or news to share?

Sign up to TWIF Premium Join us on WhatsApp Join our Slack