The prospect of China’s Cross-Border Interbank Payment System vying with or supplanting Swift grabbed attention in the wake of Russia’s invasion of Ukraine. But CIPS isn’t ready for the big time. It ...
As expected it drew some media attention, with the familiar theme that the renminbi—which surpassed the Japanese yen to become the fourth-most traded currency in the world in August, according to ...
China and Russia have their own Swift-like systems, and while neither is likely to displace Swift tomorrow, sanctions will propel efforts to strengthen and expand them. Might the banning of a raft of ...
HONG KONG/FRANKFURT, March 31 (Reuters) - China's launch of its international payment system (CIPS) this the year should end the monopoly that China's yuan clearing banks enjoy, giving foreign banks a ...
Insights: China's interbank payment system lacks the reach to replace SWIFT. Technician's take: BTC buyers could remain active at lower support levels, particularly at $40K. And sign up for First ...
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