China has begun to conduct cross-border crude oil settlements in digital yuan. The China National Petroleum Corporation (CNPC) has recently bought 1 million barrels of crude oil using the nation s digital currency, according to the Chinese press.
The rise of China s digital yuan, or e-CNY, poses a significant challenge to the dominance of the US dollar in global trade settlements, signaling a potential shift in the world s financial landscape.
China: KPCh verbietet Banken den Handel mit Bitcoin freiewelt.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freiewelt.net Daily Mail and Mail on Sunday newspapers.