News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
Beijing [China], September 5 (ANI): China's bid to have a digital currency could soon become the next point of contention with the Biden administration, adding to the several points of friction languishing between the top two economic and military powers.
Beijing [China], April 1 (ANI): China has introduced the use of digital Yuan in the real estate sector with payments worth around USD 87,000 for 3 construction projects.