• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

How China Is Closing In on Its Own Digital Currency

by CBDC Insider Staff
September 8, 2020
in Asia, Business
Reading Time: 1min read
0
How China Is Closing In on Its Own Digital Currency
Share on FacebookShare on Twitter

RELATED STORIES

Taiwan’s CBDC Project Needs At Least Two More Years, Says Central Bank Governor

Taiwan’s CBDC Project Needs At Least Two More Years, Says Central Bank Governor

June 30, 2022
Montran and eCurrency Announce the Very First CBDC Solution

Montran and eCurrency Announce the Very First CBDC Solution

June 30, 2022

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year in a handful of cities and tests have started with some e-wallets and online apps, with the Covid-19 pandemic and need for social distancing providing a new sense of urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t have any presumption of anonymity, and its value will be as stable as the physical yuan, which will be sticking around too. Behind China’s rush is a desire to manage technological change on its own terms. As one PBOC official put it, currency isn’t only an economic issue, it’s also about sovereignty.\

Continue read: https://www.bloomberg.com/news/articles/2020-09-08/how-china-is-closing-in-on-its-own-digital-currency-quicktake

Previous Post

How Feasible Is The Creation Of A Central Bank Digital Currency in Africa?

Next Post

At least 3 nations to replace their currency with CBDC by 2030: report

Next Post
At least 3 nations to replace their currency with CBDC by 2030: report

At least 3 nations to replace their currency with CBDC by 2030: report

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register