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Central Banks Kept Purchasing Gold in February; China Continues Gold Run


Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF and World Gold Council numbers. China reported the largest gold accumulation, acquiring 12 tonnes...

China Expands Digital Yuan Accessibility Through Hardware Wallet Integration


Bank of China’s Qingdao Branch, in collaboration with telecom and digital finance partners, introduces digital yuan hardware wallet and "deferred payment" model to simplify transit payments. The post China Expands Digital Yuan Accessibility Through Hardware Wallet Integration appeared first...

China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors


The People’s Bank of China publishes a digital yuan service guide for foreign visitors, detailing steps to download apps, open wallets, link accounts, and complete payments. The post China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors appeared first on Cryptonews

Impact of China’s economic policies on US Dollar and global liquidity


USD has always been considered the most reliable, safe, and stable currency of all time, and its role in global trade has made it the backbone of the global financial system. Besides, it has been the most widely used currency in foreign exchange transactions, international debt securities...

China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs


Shandong Province offers entrepreneurs digital yuan loans, indicating China's push for digital economy amidst discussions on legal frameworks at the ongoing national legislative conference. The post China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs appeared first...

BRICS to Develop Digital Currencies and Blockchain-Based Payment System


BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions. The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews

China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally


China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark. The post China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally appeared first on Cryptonews

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System


Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current...

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