Stablecoins Would Help US Dollar Keep Up With Chinese Yuan
US dollar-pegged stablecoins could alleviate the government’s debt crisis and help the country’s dollar keep up with the Chinese yuan. The need for.
Crypto News
Crypto News
Arthur Hayes, BitMEX Founder, Warns of Potential Chinese Capital Flight
Arthur Hayes, the controversial founder of BitMEX and a seasoned figure in the cryptocurrency space, is raising a red flag about possible capital.
Blockchain News
VTB Bank CEO Predicts Weakening US Dollar as Chinese Yuan Gains Momentum
According to the CEO of Russia’s VTB Bank, Andrey Kostin, the US dollar’s status as the dominant global currency is at risk due.
Crypto News
The Rise of the Yuan and Euro: Is the US Dollar’s Reign as Global Currency Coming to an End?
According to economist Stephen Jen, the US dollar has long held the role of the world’s principal reserve currency, but this is changing.
Crypto News
Hong Kong Virtual Bank to Offer Crypto Conversions and Accounts: Report
The crypto account services come at a time when US-based enterprises are trying to find local banking partners and are regularly going abroad..
Crypto News
In Xiamen and Guangzhou, the digital yuan has been approved for use on buses and trains
The metropolises have joined a growing network of cities that accept China’s digital yuan, which can now be used to recharge Guangzhou city.
Crypto News
Residents in three Chinese cities are using digital yuan to pay taxes and fees
Residents in three major Chinese cities have begun paying taxes, stamp duty, and social security contributions with the digital yuan, the country’s central.
Crypto News
China’s digital yuan pilot has been expanded to include tax, social security, and toll gates
China has expanded the number of cities covered in its digital yuan pilot project, which is now underway in the provinces of Zhejiang.
Crypto News
The digital yuan, according to a former Chinese central bank chief, is intended for retail transactions
Former Individuals’s Bank of China governor Zhou Xiaochuan stated in a speech on Saturday that the digital yuan is intended to focus on.
Crypto News
The Chinese official media is urging more people to use e-CNY
Economic Information Daily, a Xinhua News Agency affiliate publication, published an op-ed on Thursday outlining methods to accelerate the adoption of the digital.