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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
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Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch
Tether has announced the launch of MXNT, a new type of stablecoin backed by Mexico’s national currency, the peso. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.
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China's Central Bank Expands Digital Yuan Trials to Include More Major Cities
China's central bank has stated that it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year.
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US Removes Currency Manipulator Label On China Ahead Of Trade Deal
The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict.
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China Further Weakens Yuan Rate Against Dollar As Currency Row Simmers
China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row between Beijing and Washington.
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With Great Effort, China Trying To Make Yuan Dominant: Gita Gopinath
China is following a policy to make yuan the dominant currency, but currently it remains far behind the US dollar in international financial transactions unrelated to trade, Indian-American economist Gita Gopinath said.
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China, Japan To Forge Closer Ties At "Historic Turning Point"
China and Japan on Friday pledged to forge closer ties as both countries stood together at an "historic turning point", signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.
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China Not Manipulating Currency But Lacks Transparency, US Says
Washington on Wednesday again declined to call China a currency manipulator but said the yuan's fall and Beijing's exchange practices were of "particular concern."
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IMF Official Says "No Evidence" China Manipulating Currency
There is "no evidence" Chinese authorities have been intervening to move the exchange rate of the yuan, a senior International Monetary Fund official said Tuesday.
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China Rejects Donald Trump's Accusations Of Currency Manipulation
China on Monday rejected accusations by US President Donald Trump that it was manipulating the yuan to give its exporters an edge, saying Washington appeared "bent on provoking a trade war".
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US Treasury To Review If China Manipulated Its Currency
The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.
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Malfunctioning ATM Spat Out Hundreds Of Notes. Jackpot For One Couple
An ATM in China randomly spat out currency notes worth 3,000 Yuan (Nearly $500) in just two seconds because of a malfunction. A couple passing by the ATM noticed the cash, grabbed it and ran away. But their party ended soon when cops tracked them and took back the cash.
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This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
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Woman Buys Car With Four Sacks Full Of Cash Worth 130,000 Yuan
A woman in China shocked staff at a local car dealership when she turned up at the showroom with four sacks of cash to buy a car. The sacks were full of 1-yuan currency notes totalling almost 130,000 yuan (over $19,000).
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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
-
Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
-
Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch
Tether has announced the launch of MXNT, a new type of stablecoin backed by Mexico’s national currency, the peso. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.
-
China's Central Bank Expands Digital Yuan Trials to Include More Major Cities
China's central bank has stated that it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year.
-
US Removes Currency Manipulator Label On China Ahead Of Trade Deal
The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict.
-
China Further Weakens Yuan Rate Against Dollar As Currency Row Simmers
China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row between Beijing and Washington.
-
With Great Effort, China Trying To Make Yuan Dominant: Gita Gopinath
China is following a policy to make yuan the dominant currency, but currently it remains far behind the US dollar in international financial transactions unrelated to trade, Indian-American economist Gita Gopinath said.
-
China, Japan To Forge Closer Ties At "Historic Turning Point"
China and Japan on Friday pledged to forge closer ties as both countries stood together at an "historic turning point", signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.
-
China Not Manipulating Currency But Lacks Transparency, US Says
Washington on Wednesday again declined to call China a currency manipulator but said the yuan's fall and Beijing's exchange practices were of "particular concern."
-
IMF Official Says "No Evidence" China Manipulating Currency
There is "no evidence" Chinese authorities have been intervening to move the exchange rate of the yuan, a senior International Monetary Fund official said Tuesday.
-
China Rejects Donald Trump's Accusations Of Currency Manipulation
China on Monday rejected accusations by US President Donald Trump that it was manipulating the yuan to give its exporters an edge, saying Washington appeared "bent on provoking a trade war".
-
US Treasury To Review If China Manipulated Its Currency
The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.
-
Malfunctioning ATM Spat Out Hundreds Of Notes. Jackpot For One Couple
An ATM in China randomly spat out currency notes worth 3,000 Yuan (Nearly $500) in just two seconds because of a malfunction. A couple passing by the ATM noticed the cash, grabbed it and ran away. But their party ended soon when cops tracked them and took back the cash.
-
This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
-
Woman Buys Car With Four Sacks Full Of Cash Worth 130,000 Yuan
A woman in China shocked staff at a local car dealership when she turned up at the showroom with four sacks of cash to buy a car. The sacks were full of 1-yuan currency notes totalling almost 130,000 yuan (over $19,000).
