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
Paul Blustein (“Don’t bet on dollar dethronement”, Opinion, January 30) and Eswar Prasad (“Requiem for the postwar order”, Books, January 31) are correct in arguing that the demise of the
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,
China’s Xi calls to make Renminbi “a powerful currency,” as Trump is ready to change Fed’s chair Monday, February 2nd 2026 - 17:43 UTC
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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