US sanctions, China, crypto ban. Photo by BeInCrypto China's yuan climbed to a fresh 14-month high against the dollar on Monday, adding another layer of complexity to an already turbulent macro environment for risk assets, including cryptocurrencies. The world's three largest central banks are now moving in distinctly different directions. The Federal Reserve just delivered a hawkish rate cut, the Bank of Japan is poised to raise rates this week, and China's PBOC is navigating yuan strength amid a slowing ...