Over 60% of foreign bank reserves are denominated in dollars. China's digital RMB could challenge the world's currency ...

Chinese regulators have moved to tighten control over digital assets, banning the unauthorized issuance of yuan-pegged ...

China's central bank closed the door on privately issued digital tokens tied to the yuan on Friday, marking the country's ...

The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint ...

Scott Bessent said China may explore gold-backed digital assets via Hong Kong, signaling a potential challenge to U.S.

Beijing is betting hard on the digital yuan. China is promoting its CBDC on a global stage in 2026. But will it really ...

BANGKOK — 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 ...

The digital currency race between the U.S. and China is more than a technological arms race. It represents the reordering of global monetary governance. In 2025, China and the United States are ...

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 mBridge platform—a collaborative initiative spearheaded by China for cross-border payments using central bank digital currencies (CBDCs)—has exceeded $55 billion in total transaction value. This ...

BANGKOK — 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 ...