Cryptocurrency Q&A Does China use SWIFT?

Does China use SWIFT?

Raffaele Raffaele Tue Aug 27 2024 | 7 answers 2245
I'm curious to know, does China utilize the SWIFT system for international financial transactions? Given the country's growing economic influence and its push for digital currencies, it's intriguing to consider whether they rely on this established global network for their cross-border payments. Is SWIFT a vital tool for China's financial institutions to facilitate international trade and investment, or have they developed alternative systems to bypass traditional channels? Does China use SWIFT?

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