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Tag: Yuan

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

July 8, 2024 wp-bot Bitcoin News

Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister

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Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million

July 7, 2024 wp-bot Bitcoin News

Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value

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Hong Kong digital yuan pilot lacks P2P capabilities

May 17, 2024 wp-bot Cointelegraph

While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions

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Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy

January 31, 2024 wp-bot Bitcoin News

Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning

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Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape

January 22, 2024 wp-bot Bitcoin News

Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that

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Chinese digital yuan CBDC used for first time to settle cross-border oil deal

October 23, 2023 wp-bot Cointelegraph

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

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Blockchain
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