Yuan


Policy

JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters

They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global role

China renminbi bills (Moerschy/Pixabay)

Markets

Bitcoin Analysts Optimistic as China Surprisingly Fixes Yuan Beyond 7.2 Level

Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.

PBOC hints openness to weaker yuan in a supposedly bullish sign for BTC. (SW1994/Pixabay)

Markets

Bitcoin Nears Death Cross, Yuan Tumbles With Asian Markets After Trump Tariffs Put Focus on China's Response

Asian equities and U.S. stock futures have declined, while bitcoin is nearing a bearish technical pattern amid escalating trade tensions.

U.S. President Donald Trump speaks at the Digital Asset Summit in New York City. (Nikhilesh De)

Markets

Crypto Traders Need to Pay Attention to Chinese Yuan

The PBOC's potential intervention to stem yuan volatility could accelerate gains in the dollar index and add to crypto market's woes, one observer said.

What next as BTC nears $100K breakout? (qimono/Pixabay)

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Policy

China incluye por primera vez el yuan digital en los datos de divisas en circulación

El yuan digital, e-CNY, representó el 0,13% del efectivo y reservas en poder del banco central.

(Moerschy/Pixabay)

Policy

China Includes Digital Yuan in Cash Circulation Data for First Time

The digital yuan, e-CNY, represented 0.13% of cash and reserves held by the central bank.

(Moerschy/Pixabay)

Videos

EU Set to Ban Russian Crypto Payments After ‘Sham’ Referenda; Hedge Fund Says Chinese Investors Could Snap Up Cryptos as Yuan Slides

The European Union will tighten restrictions on Russians’ crypto investments within the bloc as it seeks to respond to “sham” independence votes being held in Russian-occupied regions of Ukraine. Novum Alpha CEO says Chinese investors might snap up digital assets now as the yuan depreciates.

CoinDesk placeholder image

Markets

Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says

The currency fell to a 14-year low against the U.S. dollar early Wednesday.

Sliding yuan and property market woes may see Chinese investors move money to cryptocurrencies. (Tumisu/Pixabay)

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Opinion

A 'Petroyuan' Could Further Shake the Dollar's Dominance

Saudi-Chinese talks "accelerate" just as unprecedented sanctions against Russia whet global appetites for greenback alternatives.

Chinese President Xi Jinping welcomes Saudi Arabia's King Salman bin Abdulaziz Al Saud during a state visit to China in 2017. (Getty Images)

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