Cryptocoin Report News

Chinese banks explore e-yuan for selling investment funds and insurance

Government-backed Chinese banks have reportedly started exploring new use cases for the digital yuan by allowing citizens to use it to buy insurance products and investment funds online. The South China Morning Post reported on Tuesday that leading Chinese banks such as Bank of Communications (Bocom) and China Construction Bank (CCB) are working with fund managers […]

Cryptocoin Report News

Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist – Emerging Markets Bitcoin News

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which […]