China Says Using Tether For Currency Exchange is Illegal
China’s Supreme People’s Procuratorate has warned against using the Tether (USDT) stablecoin for currency exchange. According to Chinese authorities, using...
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Dollar snaps two-year winning streak on 2024 rate cut bets
Since the Fed launched its aggressive rate-hike cycle in early 2022, expectations of how far U.S. rates would have to...
Fifth of Global Oil Trade Used Non-Dollar Currencies in 2023
A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such...
India initiates first Rupee payment for oil to UAE; explores global currency adoption
India has made its first-ever payment in rupees for crude oil obtained from the UAE, marking a significant move in...
India’s Push to Internationalize the Rupee Is Misfiring
India's efforts to achieve increased international acceptance for its currency are floundering. No oil trades were settled in rupees during...
Milei’s Government Pays IMF Without Tapping China Currency Swap
On Thursday, Argentina's new government sent to the International Monetary Fund (IMF) its scheduled debt payment, thanks to a loan...
Chinese regulators aim to disconnect gaming tokens from real-world currency
Chinese authorities have proposed a ban on converting virtual gaming tokens to fiat currency in a preemptive move to regulate...
China’s Real Estate Meltdown Is Battering Middle Class Wealth
(Bloomberg) -- Stock investments: down 30%. Salary package: down 30%. Investment property: down 20%. As Thomas Zhou reflects on 2023,...
BRICS-Led Effort Against Greenback Should Alarm the US
US policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. New members can provide...
Chinese land ownership in US down 2 per cent in 2022 amid heightened national security concerns
In October, for instance, the Arkansas attorney general ordered a subsidiary of Chinese state-owned enterprise ChemChina to sell its holdings...
