China Crypto’s Great Wall of Wash (TWIF - China, 1/29)

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.

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.

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