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SWIFT

Crypto News
January 22, 2021

While China's CBDC sets the pace, the yuan stumbles in usage abroad

Despite rapid advancement of a digital yuan, China’s progress in internationalizing its currency has stalled out in recent months.  Per data from SWIFT’s RMB Tracker released on Jan. 20, the Chinese yuan (CNY), also known…

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Crypto News
October 7, 2020

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections. Aida Karabaeva, an official representative of the National Bank of the Kyrgyz…

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