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Tag: China

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Report: China’s Digital Yuan Processes $55B as Cross-Border CBDC Rails Take Shape
According to a Reuters report citing data compiled by the Atlantic Council, a Washington-based think tank that tracks central bank digital currencies ( CBDCs) and their expansion, China’s CBDC, known as e-CNY, has processed $55 billion through the ‘mBridge’ platform.… Read full article
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China’s Digital Yuan Platform Passes $55 Billion in Cross-Border Transactions
New analysis from the Atlantic Council shows that transactions on the mBridge platform have now surpassed $55 billion in cumulative value, as reported by Reuters. The system, still technically in a pilot stage, connects central banks from China, Hong Kong,… Read full article
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China-led CBDC project mBridge tops $55B in cross-border payments
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform. Read full article
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China’s Digital Yuan Architect Convicted in $37M Crypto Bribery Scandal
Yao Qian, the former head of the digital currency wing of the People’s Bank of China, has been found guilty of taking a bribe of 2,000 ETH. In his office, a hardware wallet was discovered.
Yao Qian is guilty of… Read full article
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New World Order: Canada Sides With China in Economic Pivot Away From the US
In its recent visit to China, Canada’s Prime Minister Mike Carney reached a series of agreements that seek to forge a commercial alliance between the two countries. Canada now seeks to increase its exports to China by 50%, preparing to… Read full article
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China Dumps U.S. Treasuries: Here’s Why Bitcoin Cares
China reportedly cut its U.S. Treasury holdings for a ninth straight month, pushing exposure to the lowest level since 2008. Bitcoin held firm near recent highs as gold surged toward $4,200, showing how markets react when faith in U.S. debt… Read full article
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