SEC Identifies 18 Crypto Tokens as Digital Commodities in Move
Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows
(Originally posted on : Bitcoin News )
A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of […]
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