Russia and China De-dollarization Approaching ‘Breakthrough Moment’ - The Bitcoin News
The Swift system, which has traditionally been used for trade settlement, is overwhelmingly controlled by the U.S., so many countries are trying to construct their own alternative payment systems. For example, China launched a cross-border interbank payment system in 2015.
Russia has been accumulating renminbi reserves at the expense of the U.S. dollar, the publication conveyed. The Bank of Russia revealed early last year that it had slashed dollar holdings by $101 billion, which amounted to over half of its existing dollar assets. The central bank then raised the renminbi’s share of Russia’s foreign exchange reserve from 5% to 15% by investing $44 billion in China’s currency.
Team Ryver: Another translation partner accepting Bitcoin Cash in China! We have a new BCHer in Nanning. Bitcoin Cash is P2P Borderless money! We are helping to Break Down Languages Barriers and Overcoming internet Censorship.
Danny Duchamp joins Dominic Frisby to discuss New Zealand's bizarre and authoritarian reaction to coronavirus, as well as BLM, China, gold and Bitcoin - check out the latest episode of California Gold #CG2
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Bitcoin War Between US and China Cryptocurrency News
Bitcoin + China New CCID List and Cryptocurrency News Like and Subscribe. Become a CryptosRus INSIDER to gain exclusive insight on the market, get reviews... Bitcoin's fate untethers from china Bitcoin's fate untethers from china This story was delivered to BI Intelligence Fintech Briefing subscribers. To learn mo... A new digital exchange, CoinZoom has announced some unique features that rival Paypal and Venmo payments. China’s Digital Yuan Is an Economic Cyberweapon, and the US Is Disarming https ... China has a population of 1.3 Billion people - all of which will potentially need to use Bitcoin as national policy shifts to limit the use of the RMB. I too... Bitcoin War Between US and China Cryptocurrency News Like and Subscribe. Become a CryptosRus INSIDER to gain exclusive insight on the market, get reviews and analysis on undervalued ...