China is accelerating renminbi internationalization via trade settlement, CIPS, and the digital yuan, but capital controls still limit the RMB’s global reserve role.
China is about to turn its central bank digital currency from a quiet pilot into a fully fledged piece of the financial system, with 2026 set as the year the project stops being an experiment and ...
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China is expanding into digital currencies, hoping to promote use of its 'people's money'
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, ...
Forbes contributors publish independent expert analyses and insights. On January 1, 2026, the People’s Bank of China began paying interest on digital yuan balances held in user wallets. To some, it ...
In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers ...
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 ...
In an effort to increase adoption of its central bank digital currency (CBDC), China will allow digital yuan users to earn interest on their holdings, according to a report in Bloomberg. Interest ...
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