China is in the process of setting up a sovereign digital currency, which will function like cash. The digital currency comes with benefits as well as misconceptions, such as that the currency will ...

The UAE completed its first-ever cross-border payment to China using digital currency, executed by Sheikh Mansour through the ...

Central bank digital currency has the potential to reshape global finance, but risks eroding democracy and economic ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...

In a world constantly evolving with digital advancements and environmental consciousness, the concept of currency is undergoing a remarkable transformation.

In 2025, China and the United States are deepening their rivalry in a new arena: digital currency infrastructure. In May, Hong Kong passed landmark legislation to regulate fiat-referenced stablecoins, ...

The digital currency would operate outside Swift but still have access to American banks.

In 2017, the Chinese government was the largest cryptocurrency market in the world. It is estimated that as many as 80 percent of all Bitcoin transactions were taking place in Chinese currency, the ...

HONG KONG (Reuters) - China's digital currency will create a "horse race" when it is launched as commercial banks and other institutions compete to provide the best services using the new form of ...

China and the United Arab Emirates have jointly completed their first-ever cross-border payment using central bank digital ...