This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
China is accelerating its digital yuan (e-CNY) ambitions, aiming to reduce global reliance on the US dollar. The PBOC plans a Shanghai-based international hub while facing transparency concerns over offshore Bitcoin sales. Meanwhile, Chinese crypto miners expand operations in the US despite domestic restrictions.
- China's e-CNY initiative seeks to challenge the US dollar's dominance in global transactions, with plans for an international hub in Shanghai.
- The mBridge project, involving multiple countries, aims to enable cross-border settlements without relying on the SWIFT system.
- Despite strict domestic crypto policies, Chinese Bitcoin mining companies are expanding operations in the US, sparking national security debates.
📎 Related coverage from: crypto-news-flash.com
Related Tags: Bitcoin
Other Tags: US Dollar, Pan Gongsheng, Bank for International Settlements, Bitmain, Canaan, Hong Kong, MicroBT, PBoC, SWIFT