Sen. Rick Scott introduces a bill banning U.S.-based financial services from using Chinese digital currency, including the digital yuan.

A person walks past the headquarters of the People's Bank of China, in Beijing, China May 7, 2025. REUTERS/Tingshu Wang BEIJING, April 2 (Reuters) - China's central bank has expanded its digital yuan ...

・The People's Bank of China is transferring the digital yuan from cash to deposits. ・The PBOC reportedly said interest on verified e-CNY accounts will link the digital yuan to traditional deposits and ...

BEIJING/SHANGHAI, Dec 29 - Holdings of China's ‌digital yuan, or e-CNY, will ‌start generating interest income next year under a new framework, state broadcaster CCTV said on Monday, as China steps up ...

SHANGHAI/BEIJING (Reuters) -The head of China's central bank pledged to expand the international use of the digital yuan and called for the development of a multi-polar global currency system, where ...

China’s digital currency landscape is about to experience its most significant transformation since inception. The People’s Bank of China has quietly prepared groundbreaking changes that will ...

Discover why China persists with its digital yuan as other Asian nations stall on CBDCs, exploring benefits, adoption, and the impact of interest payments.

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

China’s move to let banks pay interest on digital yuan wallets from Jan. 1 is sharpening the debate in Washington over whether United States dollar stablecoins are being left structurally ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy and challenge the ...

Nearly 25% of Chinese firms report FX losses as the yuan strengthens roughly 6% against the dollar, complicating Beijing's ...

China is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters. The moves aim at challenging the greenback, experts said, even as the U.S.