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Hong Kong Presents Digital Currency Prototype, Project Aurum

Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and…

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Eswatini Central Bank Partners With German Firm to Explore CBDC

Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its…

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Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar

Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the…

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Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants…

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China floats idea of ‘Asian yuan’ to reduce reliance on US dollar

The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.

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