One expert suggests that the PBOC's anticipated intervention to curb yuan fluctuations might not only intensify the strengthening of the dollar index but also compound the troubles faced by the crypto market.
Corporate clients of BNP Paribas will have access to China's e-CNY by connecting to the Bank of China's system.
Sporting alliances 'help alter the perception of cryptocurrency away from the assumption that it's there simply as a speculative frenzy,' according to Luke Ryan of CoinJar.
On Monday, Senator Andrew Bragg unveiled a draft bill that would control cryptocurrency exchanges, stablecoins, and the virtual currency known as the yuan.
Bitcoin (BTC) didn't move much because the Chinese Yuan was getting weaker, which could make people more afraid of taking risks in global financial markets.
For the first time, the yuan has been included in Israel's central bank reserves, and its allotment for US dollars has been reduced.