The People’s Bank of China is taking steps to expand its digital yuan project, starting with its free trade zones. On Friday, …
yuan
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Finance
China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
by shayaanby shayaanAccording to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a …
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Analysis
US Dollar To Fall Significantly Against Chinese Yuan Amid Trade Negotiations, According to Goldman Sachs: Report
by shayaanby shayaanAnalysts at the financial giant Goldman Sachs reportedly think the onshore Chinese yuan (CNY) will rise against the dollar over the next …
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Amid the global trade war and President Donald Trump’s unprecedented tariffs, the Chinese yuan has declined to multi-year lows against the US …
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The crypto market’s relief rally fizzled out on Tuesday as stocks gave up big early gains and turned lower alongside the Trump …
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Regulation
China Looking To Expand Range of Digital Yuan Amid Potential Monopoly of US Dollar-Pegged Stablecoins: Report
by shayaanby shayaanThe deputy director of China’s National Laboratory of Finance and Development reportedly says that the country should expand the scope of its …
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China’s economy is a disaster, and it’s no secret. The government’s latest attempt to stabilize the yuan and calm the markets is …
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On Friday, China’s central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as …
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Finance
China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption
by shayaanby shayaanChina’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due …