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Shanghai Clearing House Becomes First Asian Counterparty Clearing Institution to Support Digital Yuan Settlements

Shanghai Clearing House Becomes First Asian Counterparty Clearing Institution to Support Digital Yuan Settlements

The Shanghai Clearing House’s support for digital yuan settlements signifies a major step towards widespread adoption of the digital currency in cross-border transactions. Key Points   In a groundbreaking move, the Shanghai Clearing House, the first counterparty clearing institution in Asia, unveiled its support for digital yuan settlements on Monday. This marks a significant milestone in the adoption of the …

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Crypto Supporter Joseph Tsai Excited to Revolutionize Alibaba as Chairman

Crypto Supporter Joseph Tsai Excited to Revolutionize Alibaba as Chairman

On Tuesday, Alibaba announced that Joseph Tsai, one of its co-founders, will assume the position of Chairman in September. Key Points  In a surprising move, Alibaba announced on Tuesday that Joseph Tsai, one of the company’s founders, will take on the role of Chairman starting this September. This change in leadership coincides with the company’s recent decision to split into …

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