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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
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What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
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Hong Kong Says It's Exploring Whether to Legalise Crypto Trading by Retail Investors
Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at resuscitating the Chinese hub's image.
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Rupee Rises To 82.64 A Dollar, But Chinese Yuan's Crash To Record Low Limits Gains
The rupee gained slightly on Tuesday, driven by an easing dollar on less hawkish US central bank bets.
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China Trials Cross-Border Settlement Involving Cenbank Digital Currencies
A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan.
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Bangladesh Opts For Overseas Payments In Chinese Yuan As FX Reserves Fall
Bangladesh has allowed banks to maintain accounts in Chinese currency for overseas transactions to reduce dependency on the US dollar.
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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
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Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
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Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch
Tether has announced the launch of MXNT, a new type of stablecoin backed by Mexico’s national currency, the peso. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.
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Chinese Crypto Addresses Sent $2.2 Billion To Scams, Darknets In 2019-2021: Report
Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity like darknet operations.
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Cryptocurrency Ban in China Forces Some Bitcoin Miners to Flee Overseas, Others Sell Out
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.
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Cryptocurrency Miners Halt China Business After Beijing Cracks Down, Bitcoin Price Dives
Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling.
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Chinese Electric Carmaker Nio Seeks To Plug Buyers Into Lifestyle App
Shanghai-based Nio operates its own digital currency with tradeable credits that clients can gain from buying a car, attending events or even simply posting their stories on the Nio app.
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Chinese New Year 2020: Best E-Commerce Sites to Buy Products From China to Get Delivery in India
Chinese New Year 2020 celebrations will begin starting Saturday, January 25. But there are many e-commerce sites that have already started offering discounts and deals. Here are the best e-commerce sites that let you buy products from China and get their delivery in India.
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Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
-
What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
-
Hong Kong Says It's Exploring Whether to Legalise Crypto Trading by Retail Investors
Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at resuscitating the Chinese hub's image.
-
Rupee Rises To 82.64 A Dollar, But Chinese Yuan's Crash To Record Low Limits Gains
The rupee gained slightly on Tuesday, driven by an easing dollar on less hawkish US central bank bets.
-
China Trials Cross-Border Settlement Involving Cenbank Digital Currencies
A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan.
-
Bangladesh Opts For Overseas Payments In Chinese Yuan As FX Reserves Fall
Bangladesh has allowed banks to maintain accounts in Chinese currency for overseas transactions to reduce dependency on the US dollar.
-
Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
-
Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
-
Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch
Tether has announced the launch of MXNT, a new type of stablecoin backed by Mexico’s national currency, the peso. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.
-
Chinese Crypto Addresses Sent $2.2 Billion To Scams, Darknets In 2019-2021: Report
Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity like darknet operations.
-
Cryptocurrency Ban in China Forces Some Bitcoin Miners to Flee Overseas, Others Sell Out
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.
-
Cryptocurrency Miners Halt China Business After Beijing Cracks Down, Bitcoin Price Dives
Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling.
-
Chinese Electric Carmaker Nio Seeks To Plug Buyers Into Lifestyle App
Shanghai-based Nio operates its own digital currency with tradeable credits that clients can gain from buying a car, attending events or even simply posting their stories on the Nio app.
-
Chinese New Year 2020: Best E-Commerce Sites to Buy Products From China to Get Delivery in India
Chinese New Year 2020 celebrations will begin starting Saturday, January 25. But there are many e-commerce sites that have already started offering discounts and deals. Here are the best e-commerce sites that let you buy products from China and get their delivery in India.
-
Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
