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China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic ...
Lawmaker Johnny Ng said he believes that the newly-launched Payment Connect system could gradually be expanded to cover more ...
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...
China’s central bank digital currency is known as the digital yuan, e-CNY or e-RMB and despite the hype, it represents a minuscule portion of the money supply and has only been used at any scale ...
The digital yuan or e-CNY is a digital form of China’s national currency. While investors can't trade it directly it's an important development for mobile payment providers. Learn more.
As China ushers in the Year of the Dragon, some of the US$450 million of commemorative coins and banknotes issued by the nation's central bank have found their way into the popular local e ...
A sign indicating digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai, China April 21, 2021.
CCB has reportedly opened a total of 8.42 million e-yuan wallets dedicated to 7.23 million individual users and 1.19 million companies.
The greenback is trading at its strongest level since 2002, up more than 10% year-to-date against most major currencies, including the yuan. U.S. authorities, however, shouldn’t misread the ...
The euro is the "only real alternative currency for the moment to make a significant change in the level of reserves," said ...
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