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A service for banking industry professionals · Wednesday, February 8, 2023 · 615,773,266 Articles · 3+ Million Readers
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Chinese Renminbi (CNY) News Monitoring

  • Published on Feb 7, 2023

    China distributed 180 million digital yuan to citizens over the Lunar New Year

    Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The government of China launched a concerted …

    Source: Kitco - Neutral
  • Published on 00:01 GMT

    How is the Supply of Digital Yuan Maintained?

    There are many complicated things in the cryptocurrency market that you are required to understand before entering it. The same thing applies to the market of digital tokens like Digital yuan. As you move forward, you need to know that you will find things …

    Source: Eye on Annapolis - Maryland - Neutral
  • Published on Feb 7, 2023

    China’s yuan edges up due to de-escalation in Sino-US tensions

    Photo used for illustrative purpose. China’s yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-US tensions. Currency traders said market sentiment improved as both Beijing …

    Source: Gulf Today - Pro-Government
  • Published on Feb 7, 2023

    GOP preps anti-China economic salvo

    Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action …

    Source: Politico - Neutral
  • Published on Feb 7, 2023

    US dollar fast losing out to the Chinese yuan, says Doctor Doom

    The US dollar is quickly losing its competitive edge and its status as the world's main reserve currency in is jeopardy, said economist Nouriel Roubini. AFP. New York: The US dollar is quickly losing its competitive edge and its status as the world’s …

    Source: Firstpost - Center-right
  • Published on Feb 7, 2023

    Some famous myths about digital Yuan!

    Sponsored content If you are familiar with the digital Yuan, you might also know about this digital cash and its benefits. It is the official currency of China, and the government of china controls it. There is no decentralized system in it. Many people …

    Source: Daily News Hungary - Label Pending
  • Published on Feb 7, 2023

    From China To The UK: Will The People Accept CBDCs?

    Countries around the world still embrace faith in their national digital currencies but will it change the way their people pay? Cities in China have reportedly put promotional efforts into maximizing the adoption of the central bank digital currency (CBDC …

    Source: Blockonomi - Label Pending
  • Published on Feb 7, 2023

    China says it will set up yuan clearing arrangements in Brazil

    STORY CONTINUES BELOW THESE SALTWIRE VIDEOS BEIJING (Reuters) - China's central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost the currency's global …

    Source: Cape Breton Post - Neutral
  • Published on Feb 7, 2023

    Apple cuts iPhone 14 models prices by up to $125 in China to boost sales

    Apple has drastically cut prices of iPhone 14 models by up to $125 (850 yuan) in China to boost sales after it reported revenue decline in the holiday quarter, the media reported on Tuesday. According to South China Morning Post, Apple’s online stores on e …

    Source: CanIndia News - Neutral
  • Published on Feb 7, 2023

    Rep. Luetkemeyer sponsors bill to prohibit the use of Chinese CBDC

    U.S. Rep. Blaine Luetkemeyer (R-MO) introduced legislation to prohibit the use of the Chinese Central Bank Digital Currency, also known as the Digital Yuan, by U.S. licensed money service businesses. © Shutterstock The Chinese CBDC Prohibition Act would …

    Source: Financial Regulation News - Neutral
  • Published on Feb 7, 2023

    Can the Indian rupee replace the dollar as an international currency?

    The US dollar, Euro, Japanese Yen, British Pound, and to a lesser extent the Chinese Yuan currently hold the distinction of being an international currency. India has taken a significant step toward achieving this status for the rupee. But what does it …

    Source: The Times of India - Center-right
  • Published on Feb 6, 2023

    China Pushes Digital Yuan CBDC Adoption to Kick Off Year of the Rabbit

    In an effort to increase adoption, China’s central bank digital currency (CBDC), commonly referred to as the digital yuan, was promoted during the Lunar New Year. According to a report by the Global Times, Chinese cities announced digital yuan initiatives …

    Source: BeInCrypto - Label Pending
  • Published on Feb 7, 2023

    China doles out millions in digital yuan to boost adoption, report reveals

    During the Lunar New Year, millions of dollars in the Chinese central bank digital currency (CBDC) have been distributed throughout the country, in an attempt to boost its adoption. According to a report published on February 6 in the Global Times, an …

    Source: Bullfrag - Uncategorized
  • Published on Feb 7, 2023

    Is China Second Guessing Its Cryptocurrency Ban?

    A Missed Opportunity While China moves forward with its CBDC efforts, it still imposes a complete ban on all cryptocurrency-related operations. Huang Yiping, former advisor to China’s central bank, suggests that the Beijing government should reconsider its …

    Source: BeInCrypto - Label Pending
  • Published on Feb 7, 2023

    China Inc is going global and this time it might just succeed

    A string of Chinese industrial firms including construction machinery giant Sany Heavy Industry and electric-vehicle parts supplier Zhejiang Sanhua Intelligent Controls Company have raised billions of dollars on the SIX Swiss Exchange through global …

    Source: Livemint - Neutral
  • Published on Feb 6, 2023

    India looks at options to pay defence dues to Russia: stake sale, bonds, 3rd currency

    India is exploring at least three options to clear outstanding Rouble payments worth around Rs 28,000 crore against weapons delivered by Russia, The Indian Express has learnt. So far, India could not process these payments as Russia has been hit by …

    Source: The Indian Express - Center-left
  • Published on Feb 6, 2023

    U.S. imposes security zone in search for Chinese balloon remnants

    WASHINGTON/BEIJING, Feb 6 (Reuters) - The U.S. Coast Guard on Monday imposed a temporary security zone in waters off South Carolina during the military's search and recovery of debris from a suspected Chinese spy balloon that a U.S. fighter jet …

    Source: Reuters - Neutral
  • Published on Feb 6, 2023

    Goodbye to fiat? Chinese cities roll out digital yuan for Spring Festival

    During the Spring Festival holidays, the cities in China organized digital yuan activities with a combined value of nearly $26.6 million in an effort to increase consumption. In recent years, China has seen a fast development of the digital yuan, often …

    Source: Cryptopolitan - Label Pending
  • Published on Feb 6, 2023

    Digital Yuan Gifts In China During Holiday To Increase Adoption, Report Says

    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. Furthermore, the government is putting more …

    Source: Bitcoinist - Neutral

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