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Tag: People’s Bank Of China

Hong Kong’s e-HKD pilot puts the world on notice

In a major development for the rollout of central bank digital currencies (CBDCs) worldwide, the Hong Kong Monetary Authority (HKMA) announced the launch of...

Bitcoin, Ether push higher, Litecoin biggest gainer

Bitcoin, Ether rose on Monday afternoon trade in Asia, along with most top 10 non-stablecoin cryptocurrencies, with Litecoin leading gains. U.S. stock futures and...

Dedollarization: A Yuan Tale

Countries are starting to settle trade in local currencies rather than U.S. dollars, and warnings of the dire consequences are heating up. They...

Bitcoin, Ether rise amid renewed recession fears after weaker-than-expected U.S. GDP

Bitcoin and Ether rose during Asian trading hours on Friday, while the top 10 non-stablecoin cryptocurrencies by market capitalization closed mixed. The SOL token...

Coinbase sues SEC in bid for clarity on crypto rules

In this issueCoinbase: Demanding directionPEPE: Leapfrog effecte-CNY: Digital paydayFrom the Editor’s DeskDear Reader,Hello from Austin this week, at Consensus 2023, where significant conversations are...

Digital yuan use cases expand to civil servant salaries and cross-border trade

China continues to lead the way in integrating its central bank digital currency (CBDC) into its financial system. Various regions have announced that...

Bitcoin, Ether extend losses; Solana gains most in mixed market

Bitcoin dropped on Monday afternoon in Asia and continued to trade below US$30,000. Cardano led losers among top 10 non-stablecoin cryptocurrencies in a mixed...

Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira

Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According...

Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10,...

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The...

China, Malaysia Push for Asian Monetary Fund, Dollar Out

China, Malaysia explore Asian Monetary Fund Move aims to reduce dollar dependence Cooperation may challenge IMF’s influence China and Malaysia are reportedly advancing...

Op-ed: How to resist CBDCs & avert a dystopian future

Ad Central Bank Digital Currencies (CBDCs) are similar to decentralized cryptocurrencies such as Bitcoin, except they centralize power and influence to a single entity...

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