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China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

Bitcoin News LogoBitcoin News4 mo ago

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies - Bitcoin News

Quick Summary:

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies.

Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements.

The Hong Kong-based publication also remarked that the experiment could undermine the role of the U.S.dollar in foreign trade if banks could settle directly without the greenback.


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Article Details

Author / Journalist: Lubomir Tassev

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 17:30:49 (4 months ago)

News Timezone: GMT +8:00

Ranking: #1944 (out of 3348 stories this day)

News Source URL: news.bitcoin.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 624301

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About Bitcoin News

Bitcoin News Logo

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 6 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

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The story "China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies" has 499 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies" was covered 4 months ago by Bitcoin News, a news publisher based in Japan.

How trustworthy is 'Bitcoin News' news outlet?

Bitcoin News is a fully independent (privately-owned) news outlet established in 2008 that covers mostly crypto news.

The outlet is headquartered in Japan and publishes an average of 6 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #624301
  • URL: https://beamstart.com/news/china-hong-kong-thailand-and-16644741142509

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