President Xi Jinping has set his sights on a "powerful" currency befitting China's growing stature on the world stage, one that could challenge if not erode the U.S. dollar's decades-long
1. When did China ban Cryptocurrency?China officially declared all Cryptocurrency transactions illegal in September 2021 and has tightened restrictions further in 2026.2. Is Bitcoin legal in China?Bitcoin is not legal
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan Part of the Team Since Apr 2025 About Author Amin Ayan is a crypto journalist with over four years of experience in
The internationalisation of the renminbi has been held back by the Chinese government’s aversion to risk, says an economist, which undercuts efforts to further expand the currency’s use beyond the
Amid global economic uncertainties, Chinese President Xi Jinping said the country needs to build a ‘strong currency’ and aims to make the Yuan a global reserve currency.Amid global economic uncertainties,
Good morning and welcome back to FirstFT Asia. In today’s newsletter:Xi’s global ambitions for the renminbiHow China’s “genius plan” is paying offSingapore’s public housing model faces scrutinyXi Jinping has called
As of January, Zambia has begun collecting taxes and royalties from Chinese mining firms in yuan, and will cycle the currency directly back to Beijing to fund imports and service
Last Updated:February 01, 2026, 22:40 ISTXi Jinping urges building a strong yuan to boost its global use and challenge US dollar dominance, with China expanding CIPS, currency swaps, and BRICS
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Xi Jinping has called for the renminbi to become a global reserve
China needs to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets, and reach the status of a global reserve.The mission for