Reported about 9 hours ago
China's central bank governor has announced plans to enhance the international use of the digital yuan and advocated for a multi-polar currency system to reduce reliance on the US dollar amid rising global trade tensions. This initiative includes establishing an international operation center for e-CNY in Shanghai and expanding connections with foreign banks to facilitate yuan-based transactions, reflecting China's ambition to position the yuan as a global currency while diversifying its financial systems away from Western dominance.
Source: YAHOO