BTCC
/
BTCC Square
/
Global Cryptocurrency
/
China Accelerates Yuan Adoption in Cross-Border Trade Amid De-Dollarization Push
China Accelerates Yuan Adoption in Cross-Border Trade Amid De-Dollarization Push
7
1
The People’s Bank of China has mandated a significant increase in yuan-denominated trade settlements, raising the required share from 25% to 40% of foreign transactions. This aggressive MOVE forms part of Beijing’s broader strategy to internationalize its currency while reducing global reliance on the US dollar.
Chinese regulators are enforcing compliance through the Macro Prudential Assessment framework, where banks failing to meet the new threshold face regulatory penalties and restricted business expansion opportunities. The policy shift gained momentum following disruptive US tariff policies that eroded confidence in dollar-based trade systems.
By:
Previous
Deribit Exchange Braces for $11.4B Crypto Options Expiry: Bitcoin Eyes $100K Max Pain
Next
The Data Revolution Reshaping Finance Careers
