China is in the process of setting up a sovereign digital currency, which will function like cash. The digital currency comes with benefits as well as misconceptions, such as that the currency will ...

China is stepping up efforts to encourage the use of its digital yuan in cross-border payments and overseas markets, offering ...

China's experimental $1.5 million giveaway of digital yuan to Shenzhen citizens ended on Sunday with acclaim from currency analysts - and scepticism from some users saying they preferred existing ...

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, ...

No single digital currency will dominate global transactions if central banks strive to enhance their own settlement systems, a senior Bank of Japan official said, brushing aside fears China's rapid ...

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 ...

Yao Qian, the former head of the Science and Technology Supervision Department of the China Securities Regulatory Commission (CSRC) and a key figure in China's digital currency development, is now at ...

Current political and economic issues succinctly explained. Controlling access to money is no longer the exclusive privilege of the sovereign. Instead, access to money is increasingly governed through ...