There has been an ongoing debate about whether the United States is holding the world together financially. The country’s status as the global reserve currency
Category: News
China Completed Trading 65,000 Tons of LNG Imported from the UAE using the YUAN
China has recently completed its first trade of liquefied natural gas (LNG) settled in yuan, marking an important step in China’s efforts to establish more
BIS Working To Improve the Technologically Out Dated Payment System With PVP Settlement Mechanisms
At the opening of the BIS Innovation Hub Eurosystem Centre in Paris, Agustín Carstens said “we are proud that the whole Eurosystem will join …
The USA Is Committed to Preventing Ghana & Other Africans Nations From Joining BRICS
US Vice President Kamala Harris has announced bilateral aid to Ghana as part of her African tour. The aid package includes several programs aimed at
China’s Yuan For Saudi Arabia Oil Could Become A Possibility
South Africa’s ambassador to BRICS, Anil Sooklal, has announced that the BRICS group of nations will continue reaching out to other nations. It’s no secret
French Authorities Raided Offices of Five Paris Banks In $123 Billion Tax Fraud Probe
French authorities conducted a raid on the offices of five major banks in Paris today as part of an ongoing investigation into fraud and money
Banks Embrace Crypto In China; As Japan Supports A Mainland Crypto Ban
Several Chinese state-owned banks, including Bocom and Bank of China, are reportedly showing interest in working with cryptocurrency firms in Hong Kong. The move comes
CFTC Has Filed An Enforcement Action Against Binance’s CEO
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Binance’s CEO, Changpeng “CZ” Zhao, and three related entities over allegations that the
The BIS, The Project Mariana, Wholesale CBDCs & Retail CBDCs
The Project Mariana initiative is investigating the use of automated market-makers (AMMs) to automate foreign exchange markets and settlement processes, potentially improving cross-border payments. AMM
Xapo Bank Has Partnered With Circle, To Incorporate USDC Payment Rails as an Alternative to SWIFT
Xapo Bank, a licensed private bank and Bitcoin custodian, has partnered with Circle, a fintech company, to become the first licensed bank globally to incorporate