China’s digital yuan, the country’s central bank digital currency (CBDC), is facing significant hurdles in gaining widespread adoption. Despite an ambitious rollout that began in 2019, user reluctance ...

China’s central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments, blockchain technology and digital assets, marking another step in the ...

China has opened a national institute to research how to use cryptography to secure the digital yuan, state-owned People’s Daily reported on Wednesday. The views and opinions expressed herein are the ...

China's central bank governor has laid out an ambitious plan to reshape the global financial system, calling for a shift away from dollar dominance and urging wider international adoption of the ...

A quiet revolution is reshaping the foundations of global finance. The Petrodollar system, which has underpinned the international oil trade and U.S. financial power for half a century, faces ...

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 ...

China has quietly taken a bold step in its bid to expand the global footprint of its digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for ...

SHANGHAI/BEIJING, June 18 (Reuters) - The head of China's central bank pledged to expand the international use of the digital yuan and called for the development of a multi-polar global currency ...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

China’s central bank digital currency was once one of the industry’s hottest topics, but 2024 saw a relatively quieter year for the digital yuan. Still, Winston Ma, an adjunct law professor at New ...

As China accelerates deployment of its digital yuan, and the European Central Bank advances toward a digital euro, the Republican Party is seeking to prevent the creation of a Central Bank Digital ...

TOKYO, Dec 3 (Reuters) - Japan's government and central bank should seek to identify pitfalls such as privacy issues that could arise if China's digital yuan becomes a global standard, a group of ...