China Incentivizes Digital Yuan to Catalyze De-Dollarization Efforts
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China Incentivizes Digital Yuan to Catalyze De-Dollarization Efforts

China is set to incentivize the use of its digital yuan (e-CNY) starting January 1, 2026, aiming to boost its role as a settlement and savings tool. This initiative is seen as a significant step in the de-dollarization efforts by BRICS nations, who collectively hold substantial gold reserves. The move could encourage other countries to adopt and incentivize their own Central Bank Digital Currencies (CBDCs), potentially reducing global reliance on the US dollar.

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