Qingming Festival, also known as Tomb Sweeping Day, is a Chinese festival that has been observed for centuries to remember and honor the deceased. One of the festival’s rituals is to burn joss paper, ...

Introduction. Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the ...

As low denomination coins begin to vanish in the West, one woman in China proves they're still worth their weight—one jiao at ...

Author and podcaster Jacob Goldstein says we don't think of money as a technology, but we should. He traces the first paper currency to China's Sichuan province, and ponders the Fed's next move.

Officials with the Drug Enforcement Administration (DEA) and Treasury Department warned members of Congress this week about the escalating threats from Chinese money laundering. During a Tuesday ...

In general, though, currency arose a medium of exchange. With its invention, a physical object like a coin or a slip of paper was exchanged for goods and services. Today, many economists insist that ...

Other authorities have been chiming in, too. In 2019 Europol, the EU’s police agency, said money-laundering by Asian criminal groups, particularly Chinese ones, presented a “growing threat to ...