2023-3-22 14:59 |
A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. origin »
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Russian authorities have approved the country’s first legal digital asset deal using the Chinese Yuan. The transaction, worth about 58m Chinese yuan ($8. 3m), became the biggest legal deal of its kind in Russia.
2022-12-6 18:27 | |
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The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.
2022-3-4 02:48 | |
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You may know the 'Society for Worldwide Interbank Financial Telecommunication' as SWIFT - a cross-border payment system that makes it possible for users worldwide to shop, transfer money, pay fees, anThe post With sanctions at the fore, will Russia adopt the digital yuan? Well, it might... appeared first on AMBCrypto.
2022-3-1 18:30 | |
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As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy.
2020-10-20 12:15 | |
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The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.