SHANGHAI/SINGAPORE (Reuters) - Chinese digital currency-related stocks jumped on Monday in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency (CBDC), the digital yuan. | 02:22am
Chinese digital currency-related stocks jumped on Monday in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency (CBDC), the digital yuan.
Chinese payment-related stocks jumped on Monday as investors bet that the United States and Europe kicking Russia out of SWIFT would benefit China's cross-border payment system and accelerate digital currency development. Ratcheting up sanctions following Russia's invasion of Ukraine, the United States and Europe said on Saturday they would banish big Russian banks from the