• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

China’s Digital Yuan: Development Status and Possible Impact for Businesses

by CBDC Insider
December 3, 2020
in Asia, Business
Reading Time: 1min read
0
China’s Digital Yuan: Development Status and Possible Impact for Businesses
Share on FacebookShare on Twitter

Governments around the world are exploring the viability of digital currency. According to the BIS, 80 percent of the world’s central banks have already started to conceptualize and research the potential of Central Bank Digital Currency (CBDC), 40 percent are building proofs-of-concept (PoC), and 10 percent are deploying pilot projects.

China is at the forefront and is expected to launch the world’s first CBDC. Its sovereign digital currency program, dubbed Digital Currency Electronic Payment (DCEP), has launched one of the largest real-world trials in several cities over the last few months. By May 2020, China had already filed more than 120 patent applications for its official digital currency (alternately referred to as digital yuan in this article), more than any other country.

RELATED STORIES

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

China’s Jiangsu Province to Expand Digital Yuan Adoption in Education Sector

May 15, 2023
Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

Reltime Unveils Revolutionary Wrapped FIAT and CBDC Service Set to Transform Global Financial Landscape

May 15, 2023

Read more: https://www.china-briefing.com/news/chinas-digital-yuan-development-status-and-possible-impact-for-businesses/

Previous Post

Saudi Arabia and the UAE Agree to Introduce CBDC: Results of Cross-border Digital Currency Trial

Next Post

Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance

Next Post
Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance

Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance

© 2022 CBDC Insider

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