China's CBDC: "The landmark transfers signal China’s broader strategic effort to construct alternative cross-border clearing rails, accelerating the internationalisation of the Chinese currency while bypassing traditional, Western-centric financial networks" www.scmp.com/business/ban...
Chinese bank touts digital currency platform’s largest transfers yet
Bank of China uses mBridge for two cross-border transfers worth more than US$1.7 billion each, as CBDC platform gathers momentum.
scmp.com