The US is considering promoting global dollar adoption to counter China’s growing influence in the currency market.

Beijing’s policymakers are recasting digital money as a tool of national power. A recent study in Study Times describes ...

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...

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, ...

Shanghai - In China's commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a ...

In Kenya and Ethiopia, China is using debt distress as a strategic opening to expand the RMB’s international use.

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 ...

People’s Bank of China Governor Pan Gongsheng said the central bank will continue to crack down on virtual currency ...

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 ...

Emmer's proposed bill requires Congressional authorization for any CBDC, ensuring it emulates the characteristics of traditional cash. Emmer strongly opposes the surveillance potential of CBDCs, ...

A court in China has sentenced members of a “gang” to prison and the payment of fines for money laundering using the yuan central bank digital currency, according to the local press. The People’s ...

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 ...