BRICS’ India Officially Rejects Idea Of Replacing Dollar With Yuan
India rejects China’s push to replace the US dollar with the yuan at the SCO 2024 summit. China and Russia promote local currencies.
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Two Chinese Bankers Involved In Illicit transfer Of Yuan Into Crypto Investment
Two top former executives of a local Chinese bank have been involved in an illicit transfer of about 1.8 billion yuan into crypto.
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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.
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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.
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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.
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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.
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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.
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Locals and foreigners alike are not drawn to China Winter Olympic Digital Yuan
On Friday of last week, China launched its domestic digital yuan at the 2022 Beijing Winter Olympics, in an effort to demonstrate its.
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In 2022, Guangzhou will progress digital yuan and blockchain experiments
Guangdong Province’s Government Report for 2022 predicts that Guangzhou. That’s, the province’s capital, will become a digital yuan testbed and a blockchain innovation.
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Last year, digital yuan transactions increased to $11.24 billion
The figures are in: historical digital yuan transactions totaled 87.565 billion yuan (US$11.238 billion) as of the end of 2021. That’s, according to.