Current Financial News

China tests ATMs converting digital yuan to cash

    China tests ATMs converting digital yuan to cash

A new test of the digital yuan that China ran recently included ATMs capable of converting digital yuan to cash and vice versa. According to The Block, the test took

0 comment Read Full Article

China’s digital yuan project continues with the pilot of a wallet card

    China’s digital yuan project continues with the pilot of a wallet card

The People’s Bank of China has approved a pilot of a physical wallet card in digital yuan, reports news.Bitcoin.com, citing Tencent News. According to the source, the pilot is taking

0 comment Read Full Article

Bitcoin drops below $ 7000

    Bitcoin drops below $ 7000

The rate of the most popular cryptocurrency in the world has dropped below the level of $ 7000. In May this year the market experienced such a fall for the

0 comment Read Full Article

China cuts rate on REPO operations

    China cuts rate on REPO operations

The People’s Bank of China has cut the seven-day reverse repo rate. It is used to inject funds into the banking system. The last time the PBC reduced this figure

0 comment Read Full Article

The Central Bank of China cuts basic rate

  The Central Bank of China cuts basic rate

The People’s Bank of China has cut the LPR rate (which has become the new financial benchmark in the market)

0 comment Read Full Article

In May, China’s foreign exchange reserves reached their highest value in 9 months

  In May, China’s foreign exchange reserves reached their highest value in 9 months

The People’s Bank of China has reported that the country’s foreign exchange reserves have increased and reached the maximum values

0 comment Read Full Article