EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

China Central Bank to Internationalize its Digital Currency

Admin by Admin
September 29, 2022
in Crypto News
0
China central bank digital currency
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
Event Event

The China Central bank is seeking to internationalize its digital currency known as ”Yuan”.

Bank for International Settlements (BIS) made this known in a report that says the China Central Bank has completed a trial of digital currency focused on cross-border transactions.

BIS added that more than 160 cross-border payments and foreign exchange transactions totaling more than $22 million were made during the trial.

Related- China reiterates its stance against cryptocurrencies

The payment was made between China, Hong Kong, Thailand, and United Arab Emirates to enable cheaper, safer, real-time cross-border payments and settlement.

This is coming after the US dollar rises sharply against other currencies. This has triggered capital outflows from emerging markets and threatened the health of the economy.

China is testing digital currencies in major cities, mostly for domestic retail payments. The Central bank has also pledged to consider cross-border payments in the digital yuan.

China has agreed and making moves in setting a global standard for fiat digital currencies as the international monetary system evolves.

Russia has also announced plans to use its digital currency, the ruble, to do business with China.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: China Central bankYuan
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

CELSIUS CEO ALEX MASHINSKY RESIGNS

Next Post

GBP/USD Extends Slide, Trades Below 1.0800 [Technical Overview]

Admin

Admin

Next Post
GBP USD pair

GBP/USD Extends Slide, Trades Below 1.0800 [Technical Overview]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Pauses UK New User Registrations

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>