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Tag: foreign trade

De-dollarization: Do all roads eventually lead to Bitcoin?

IntroductionThe U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market report explores the de-dollarization...

GigaCloud Technology Inc Ushering In A Bright Future As China Reopening in 2023

HONG KONG, Mar 24, 2023 - (ACN Newswire) - In the past three years, with the weakness of overseas consumption and the impact of the new crown epidemic,...

IMF examines CBDC design in context of Islamic banking, finds some risks magnified

A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital...

RBI and Central Bank of UAE sign MOU on CBDC bridge

The Reserve Bank of India and the Central Bank of UAE have signed a memorandum of understanding (MOU) on collaboration and innovation in financial...

Sentrillion Corporation Welcomes New Vice President of Strategic…

“We are excited to welcome Daniel into our executive team. His skills and experience as an exceptional collaborator and strategist will...

Russian bank issues first on-chain bank guarantee in Chinese yuan

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming the product is the first in the country. The bank...

UAE to create exclusive free zone for digital, virtual asset companies

Ad The government of Ras Al Khaimah is set to unveil a new free zone tailored for digital and virtual asset firms as the...

Russia and Iran Are Building a New Gold-Backed Cryptocurrency

Iran and Russia are reportedly working together to establish a new gold-backed digital currency that will help each nation avoid sanctions imposed by the...

Hong Kong and UAE explore collaboration opportunities

DUBAI, Feb 9, 2023 - (ACN Newswire) - A delegation of business leaders from the Hong Kong Special Administrative Region (HKSAR), led by the city's Chief Executive and...

13 Ways Governments are Using the Metaverse

Virtual reality (VR) and augmented reality (AR) have been gaining popularity for a few years. However, their integration into the metaverse has only taken...

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The...

The UAE’s Minister of State for Foreign Trade Thani Al-Zeyoudi

Thani Al-Zeyoudi, the minister of state for international trade of the United Arab Emirates, has predicted that cryptocurrency would play a "significant role" in...

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