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Chinese Digital Yuan CBDC Used For First Time To Settle Cross-Border Oil Deal

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Abu dhabiAbuz abyUnited arab emiratesRichard turrinShanghai oilFirst abu dhabi bankPetrochina internationalNatural gas exchangeChina dailyGas exchange settles first crossChina national offshore oil corporationShanghai municipal party committeeForum for international corporationShanghai petroleumChina internationalMunicipal government

Chinese digital yuan CBDC used for first time to settle cross-border oil deal

The Shanghai Petroleum and Natural Gas Exchange announced its first oil transaction settled in digital currency with a purchase of 1 million barrels of crude on Oct. 19.

United arab emiratesAbu dhabiAbuz abyRichard turrinShanghai municipal party committeePetrochina internationalShanghai petroleumShanghai oilForum for international corporationChina dailyNatural gas exchangeGas exchange settles first crossFirst abu dhabi bankChina national offshore oil corporationChina internationalMunicipal government

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