Tag: China Cryptocurrency
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China’s Cross-Border Digital RMB Payment System Challenges Dollar Dominance
On March 17, 2025, the People’s Bank of China unveiled a pivotal shift in global finance: the digital RMB cross-border settlement system is now fully connected to the ten ASEAN nations and six Middle Eastern countries. This move instantly expands digital yuan interoperability to cover nearly 38% of global trade, enabling participants to bypass the…
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What you need to know about blockchain and cryptocurrency in the US and China
BOSTON, March 9, 2018 /PRNewswire/ — In 2018, China’s official media organ People’s Daily published a full-page report entitled “Leveraging Blockchain to Become a Leader in the Digital Economy”, again emphasizing that blockchain ushers in a new era as the catalyst of a next-generation technology revolution. In the capital market, prices of blockchain concept stocks have fluctuated wildly. The…