China’s Crypto Battle
Capital controls are a cornerstone of China’s economic strategy...keeping capital within the mainland to stem the decline of the domestic currency (RMB/USD). Its central bank has been using its FX…
Yuan Fell in Global Payment Ranking in February, Swift Says
(Bloomberg) -- China’s yuan fell two levels to a seventh place among the most-used currencies in the global payment system in February, according to the Society for Worldwide Financial Telecommunications.…