China to expand CBDC use case for Belt and Road Initiative
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC.
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Chinese city public servants to receive digital RMB salaries from May
Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment.
China and Singapore team up to scale green and transition financing
China and Singapore will collaborate “on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low carbon future for our countries and the…
Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The…
Bitcoin price struggles to hold above $30K amid regulatory uncertainty
Despite BTC’s recent recovery, Bitcoin's margin and futures markets highlight a neutral-to-bearish sentiment as traders remain wary of regulatory risks.
Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,100, as BTC Rebounds From 1-Week Low
Ethereum moved back above $2,100 on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. Chinese GDP rose by 4.5% during the first quarter of…
US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony
U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen,…
China’s state-affiliated banks are on-boarding crypto companies in Hong Kong
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms.
Tech giant Alibaba to roll out ChatGPT competitor AI
Tongyi Qianwen, the company’s AI chatbot, will be rolled out in the near future and integrated with Alibaba’s tech ecosystem.
Chinese authorities to enforce security reviews for AI services
China intends to introduce a new security review mandate for all generative AI services before operation as new chatbots like ChatGPT continue to surface.
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