Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank (CCB).
The CCB is a state-owned financial institution that comprises one of China’s “big four” commercial banks....
Read More: Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ex-Signature Bank chair launches blockchain-powered instant overseas payments service
N3XT's blockchain-based service could reshape global finance by offering regulated, instant cross-border payments, challenging tra...
Binance Pay Expands Crypto Payments to 3,700 Bhutan Merchants
Binance Pay has connected with DK Bank’s domestic QR network, enabling cryptocurrency payments at more than 3,700 merchants across...
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald...
Bank of Russia Limits Crypto Equity to 25% for Market Brokers
The new rules, which target professional market participants, dictate that cryptocurrencies approved for trading must be included...
Bank of America dumps 80% of its Strategy shares, trimming position to $110M
BofA's significant reduction in Strategy shares highlights a cautious approach to volatile assets, potentially influencing institu...