Digital Yuan for Immediate Domestic Use, Cross-Border Later

The People’s Bank of China (PBoC) Governor Yi Gang has confirmed on Sunday Oct 17 that the digital yuan’s focus is on domestic and retail use for now. At an online meeting of the Group of 30 International Banking Seminar, Yi Gang reportedly said that cross-border and international usage of the digital yuan is “a little bit … Read moreDigital Yuan for Immediate Domestic Use, Cross-Border Later

Insiders Cite Mixed Implications of China’s Anti-Crypto Stance 

China’s recent declaration of all crypto transactions as illegal is going to have several mixed implications for stakeholders, some industry experts have said. In a series of interviews on financial media channel, Bloomberg, the experts touched on what they think will become of the “the most direct, most comprehensive crypto regulation involving the largest number … Read moreInsiders Cite Mixed Implications of China’s Anti-Crypto Stance 

China Calls Crypto Transactions “Illegal”, Drafts Rules To Boost Yuan’s Global Use

China is not relenting in its effort to get the yuan well known in other parts of the world. It continues with the yuan’s internationalization approach even as the country pushes a planned public roll out of the digital version of the currency by next year while also clamping down on crypto-related activities within its … Read moreChina Calls Crypto Transactions “Illegal”, Drafts Rules To Boost Yuan’s Global Use