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China adds new partners to its ¥175 trillion CIPS system in Central Asia

China adds new partners to its ¥175 trillion CIPS system in Central Asia

China is expanding the geographical coverage of its yuan-based international payment system, adding banks in Central Asia and other regions. The gr...
Nano Labs plans to apply for licenses to issue HKD and offshore RMB stablecoins under Hong Kong’s new stablecoins bill

Nano Labs plans to apply for licenses to issue HKD and offshore RMB stablecoins under Hong Kong’s new stablecoins bill

China-based Nano Labs Ltd. has announced its plans to apply for a stablecoin issuing license in Hong Kong as the jurisdiction positions itself as a...
Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says

Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says

A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “...
Digital Yuan Used To Pay Civil Servants In Changshu From May 2023

Digital Yuan Used To Pay Civil Servants In Changshu From May 2023

From May, civil officials and government workers in Changshu will apparently be paid in digital yuan.