BANGKOK (AP) — 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 ...

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, ...

In 2017, the Chinese government was the largest cryptocurrency market in the world. It is estimated that as many as 80 percent of all Bitcoin transactions were taking place in Chinese currency, the ...

The UAE completed its first-ever cross-border payment to China using digital currency, executed by Sheikh Mansour through the ...

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

China finds itself in a strong position to release its central bank digital currency, the eCNY, following successful trials. The completion of the eCNY trials coincides with the rollout of... We use ...

The digital currency would operate outside Swift but still have access to American banks.

HONG KONG, Feb 23 (Reuters) - China's central bank will join a project looking at using central bank digital currencies (CBDC) for cross-border payments, the Bank of International Settlements said on ...