China finds a new Gulf partner for its digital yuan push after losing Saudi Arabia
China unveiled a CBDC cooperation and a 30 billion yuan currency swap memorandum of understanding (MoU) with Oman. The deals reopen inroads for Beijing’s digital yuan to penetrate into the Gulf region as the world’s second largest economy moves on roughly six weeks after news broke that Saudi Arabia had exited its…
Read it in your languageMachine translation by Google of the publisher's page
More in Economy
From the blog
Trump Digital Assets Plunge Following Democratic Congressional Victory
Trump-linked digital assets and memecoins experienced sharp declines following a Democratic congressional victory in the midterm elections, contrasting with a…
Yuki Yamamoto1 min read
Thailand SEC Files Criminal Complaint and Seeks to Block Bitget
Thailand's SEC has filed a criminal complaint against Bitget operator BG Limited for unlicensed crypto activities, planning to block access…
Yuki Yamamoto3 min read
Bitcoin Mining Equities Drop 35% Despite VanEck Dip View
Bitcoin mining stocks expanding into AI data center infrastructure dropped an average of 35% in October. VanEck believes the selloff…
Yuki Yamamoto3 min read