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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

Bitcoin.com
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
Alberto Fernandez
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar ReservesThe economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China

Bitcoin.com
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
bitcoin.com
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in ChinaThe Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government to internationalize its currency for payments. Chinese Yuan Used to […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed

Bitcoin.com
Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed
Belt and Road Initiative
Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is ProcessedBrazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank of China (ICBC) paves the way for cheaper and simpler […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

Bitcoin.com
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
accounts
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion ServicesZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Bitcoin.com
Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions
Alexander Babakov
Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based SanctionsAnalysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters

Bitcoin.com
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
bitcoin.com
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by ExportersThe Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase

Bitcoin.com
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
bitcoin.com
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG PurchaseChina has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Bitcoin.com
Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status
bitcoin.com
Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency StatusFormer Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

Bitcoin.com
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies
Asia
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National CurrenciesAs part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

Bitcoin.com
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
bank
Russian Bank Issues Bank Guarantee in Chinese Yuan Using BlockchainA bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank […]
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6 things the US needs to stay competitive in crypto, according to execs

6 things the US needs to stay competitive in crypto, according to execs

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