China has made a strategic and quiet move in cross-border payments. They are now based on the digital yuan for transactions with 10 ASEAN countries and six Middle Eastern countries, bypassing the Swift system.
The People's Bank of China has been the entity in charge of connecting the digital RMB,…
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People’s Bank of China
French bank BNP Parisbas to promote use of digital yuan
BNP Paribas will support the use of the digital yuan by its corporate clients, through a joint effort with the People's Bank of China.
According to the local newspaper South China Morning Post, BNP Paribas China has partnered with the…
China’s digital yuan transactions top 100 million
China's digital currency (CBDC), issued by the People's Bank of the Asian country, has already penetrated 15 provinces, resulting in more than 369 million payments with this new financial instrument.
The PBOC recently issued a report,…
China will take its digital asset pilot to other provinces
The People's Bank of China recently announced that it will expand the digital currency pilot program to four other provinces in the Asian nation.
Information published by local media indicated that the deputy governor of the financial…
Bitcoin increases pressure on central banks
As cryptocurrencies like bitcoin increase in value, hand in hand with increasing use, the pressure on central banks grows even more.
If the most popular digital asset in the world is taken into consideration, it is observed how it has…