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China's Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”
Updated Sep 14, 2021, 10:33 a.m. Published Nov 21, 2020, 8:16 p.m.
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China’s President Xi Jinping told G20 meeting attendees this week that the group of the world’s largest developed economies should be open to central bank digital currencies (CBDCs) when developing standards for them.
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In a wide-ranging speech that addressed the future of the global economy in the wake of the COVID-19 pandemic, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies with an open and accommodating attitude.”
This month, some analysts noted that a drop in bitcoin supply from Chinese miners was caused by a government crackdown on local exchanges. A recent Goldman Sachs report predicts China’s planned digital yuan will account for 15% of total consumption payments in 10 years.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Silver perps have more volume on Hyperliquid than SOL or XRP.
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