Over 60% of foreign bank reserves are denominated in dollars. China's digital RMB could challenge the world's currency ...

The technology allows the authorities to not only track where money is going, but also programme how it flows. Read more at straitstimes.com. Read more at straitstimes.com.

China’s central bank closed the door on privately issued digital tokens tied to the yuan on Friday, marking the country’s ...

Under a new action plan published by the People’s Bank of China, the digital yuan moves from “digital cash” to a form of ...

China is focusing on using the digital yuan to expand cross-border transactions by businesses. Pilot testing using the new CBDC began in 2024 with such countries as Saudi Arabia and Thailand.

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, ...

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar.

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 ...

LONDON, Jan 16 (Reuters) - Transactions on a new China-led ‌digital currency platform have surged to over $55 ‌billion, a new report shows, the latest sign that efforts to build alternatives to dollar ...

Treasury Secretary Scott Bessent told the Senate Banking Committee he “would not be surprised” if China was building digital ...

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 ...