How the digital yuan could change the world… for better or worse cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
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.
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.