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China’s SWIFT joint venture shows Beijing eyeing global digital currency use, to internationalise yuan

Summary:
[unable to retrieve full-text content]A joint venture between the world’s largest electronic payment messaging system and the department responsible for China’s proposed central bank digital currency is being viewed as a sign that Beijing is exploring the global use of its planned sovereign digital currency and aiding its desire to internationalise the yuan.Calls have been growing from within China for Beijing to reduce its reliance on the US dollar by increasing the global use of the yuan amid deteriorating relations with the…

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[unable to retrieve full-text content]
A joint venture between the world’s largest electronic payment messaging system and the department responsible for China’s proposed central bank digital currency is being viewed as a sign that Beijing is exploring the global use of its planned sovereign digital currency and aiding its desire to internationalise the yuan.Calls have been growing from within China for Beijing to reduce its reliance on the US dollar by increasing the global use of the yuan amid deteriorating relations with the…

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